A Canadian class-action lawsuit has been filed on behalf of people who have allegedly been short-changed by Toronto-Dominion Bank coin-counting machines over a three-year period. The suit alleges that the bank had learned of numerous accuracy problems with its coin-counting machines in the United States, but still proceeded with a national rollout of the machines […]
Financial services firms could face massive payouts for claims ranging from employment issues to investment advice
Ontario courts have opened the door to class actions for secondary market liability. Advisors could be at risk
Two of Canada’s best known mutual fund companies are a big step closer to facing a class action from disgruntled investors. In late January, the Ontario Divisional Court ruled that a 2004 Ontario Securities Commission settlement of the plaintiffs’ claims doesn’t bar them from going after the fund companies for more compensation. According to expert […]
CI, AIC remain as defendants
28 cases total $15.9 billion in outstanding claims
Saskatchewan fund salesman alleges illegal interference with his business
Source: The Associated PressThe bank used most by Bernard Madoff was “wilfully blind”and “thoroughly complicit” in the disgraced financier’s epic fraud, lawyers working for a court-appointed trustee alleged Thursday.J.P. Morgan Chase responded by accusing trustee Irving Picard of “blatantly distorting” the bank’s role.Picard is in the midst of a nearly two-year quest to recover funds […]
Payment resolves lawsuit over Wachovia deal
German real estate market set to recover ‘significantly’