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’
In a relatively new area of litigation in Canada, financial services companies have come under fire
Policyholders could get $300 payout after ruling in lawsuit
Insurer to launch appeal