Superior Court refuses to certify $100 million auditor’s negligence class action
In a decision released early this year, Mr. Justice Paul Perell of the Ontario Superior Court of Justice refused to certify a proposed $100 million class action against the former auditor of disgraced portfolio management firm, Crystal Wealth Management Systems Ltd. Certification was denied on the basis that the Crystal Wealth’s auditor owed no duty of care to holders of the units of mutual funds managed and sold by Crystal Wealth. The proposed representative plaintiffs in Whitehouse v. BDO Canada LLP were former holders of units in mutual funds sold by Crystal Wealth – a discretionary portfolio management firm specializing ... [more] Full article
Failure to Disclose Fees on Investment Accounts can be a Breach of Fiduciary Duty
On February 28, 2020, a judge of the Ontario Superior Court granted judgment in a class action and awarded an accounting of the profits realized by three Bank of Montreal ... [more] Full article
Ontario Court of Appeal sets aside $20 million Charter damages award in solitary confinement class action
Recently, the Court of Appeal for Ontario set aside a $20 million damages award against the Federal government for “additional mental health or program resources for structural changes to penal ... [more] Full article
Ontario’s top court refuses to enforce judgment against Antigua and Barbuda
In a recent decision in H.M.B. Holdings v. Antigua and Barbuda, the Court of Appeal for Ontario upheld a decision to refuse to register in Ontario a British Columbia judgment ... [more] Full article
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