Developments

Claims Process

The claims deadline has now passed, and no further claims can be filed.

The settlement funds have been distributed to approved claimants.

Settlement Distribution

The Court approved a protocol for the distribution of settlement funds achieved in this action (the “Distribution Protocol”)

In accordance with the Distribution Protocol, the Net Settlement Proceeds were distributed to eligible Settlement Class Members pro rata (or proportionately) based on the value of their Eligible Investments.

Eligible Investments means the outstanding principle on funds deposited, invested, or contributed in, through, with or to CCI Canada Ltd., CCI Capital Corp., CCI Investments Inc., and/or Phoenix Financial Group Inc.

Only Eligible Investments were eligible for compensation. No other investments were eligible for compensation, even if those investments were made in, with, through, or with a different Defendant.

You may contact Class Counsel at [email protected] or call 1-800-461-6166 if you have any other questions.

_{By emailing Siskinds, I agree that I have read and accept the Privacy Notice and Terms of Use, and I understand that my personal information will be collected, used, and/or disclosed (“processed”) to respond to my inquiry.}

Litigation

On October 16, 2008, the action was certified against the non-settling defendants on behalf of the following class:

Any person or entity who deposited, invested, or contributed funds in, through, with or to CCI Canada Ltd., CCI Capital Corp., CCI Investments Inc., and/or Phoenix Financial Group Inc. and who were clients of, received advice from, were solicited by, or received representations from Jim Wilson, 1009863 Ontario Inc. (c.o.b. as Wilson Insurance and Financial Services) or 1545182 Ontario Inc., excluding the Defendants and their officers, directors, shareholders, employees, agents, partners and spouses and persons or entities who opt out of the Action.

Settlements were reached with Niddrie & Associate Ltd. (c.o.b. as Wilson Insurance and Financial Services) in the amount of $50,000, and IPO Capital Corp. in the amount of $115,000. Both settlements were approved by the Court.

By Order dated June 20, 2025, the Court discontinued the action against the remaining Defendants, CCI Capital Canada Limited, CCI Capital Corp., CCI Investments Inc., Centurion Developments Ltd., Ravi Chaudhary, Robert James Emerson, Environment Regeneration Systems Inc., Integrated Business Concepts Inc., Ricardo Molinari, Phoenix Financial Group Inc., Phoenix Financial Group (2000) Inc., Vince Villanti, James Wilson, 1009863 Ontario Inc. (c.o.b. as “Wilson Insurance and Financial Services”) and 1545182 Ontario Inc. (c.o.b. as “Wilson Insurance Brokers”), (collectively the “Non-Settled Defendants”). The discontinuance was effective on August 19, 2025.

The limitation period for bringing a claim (if there is any time left within it) against the Non-Settled Defendants recommenced on August 19, 2025. On the expiry of the limitation period, your right to sue may be extinguished. As a result, if you wish to bring your own action against one of the Non-Settled Defendants, you should seek legal advice from local counsel.

To review the Notice of Discontinuance of Class Proceeding, click here
To review the June 20, 2025 Order, click here

Documents

Notice of Claims Process, Notice of Discontinuance, and Claim Form [English] [French]
Distribution Protocol [English] [French]
Notice of Distribution and Discontinuance of Class Proceeding Approval Order, dated January 31, 2025 [English Only]
Distribution Approval and Discontinuance Order, dated June 20, 2025 [English Only]

Settlements

Certification

Claims Process

The claims deadline has now passed, and no further claims can be filed.

The settlement funds have been distributed to approved claimants.

Settlement Distribution

The Court approved a protocol for the distribution of settlement funds achieved in this action (the “Distribution Protocol”)

In accordance with the Distribution Protocol, the Net Settlement Proceeds were distributed to eligible Settlement Class Members pro rata (or proportionately) based on the value of their Eligible Investments.

Eligible Investments means the outstanding principle on funds deposited, invested, or contributed in, through, with or to CCI Canada Ltd., CCI Capital Corp., CCI Investments Inc., and/or Phoenix Financial Group Inc.

Only Eligible Investments were eligible for compensation. No other investments were eligible for compensation, even if those investments were made in, with, through, or with a different Defendant.

You may contact Class Counsel at [email protected] or call 1-800-461-6166 if you have any other questions.

_{By emailing Siskinds, I agree that I have read and accept the Privacy Notice and Terms of Use, and I understand that my personal information will be collected, used, and/or disclosed (“processed”) to respond to my inquiry.}

Litigation

On October 16, 2008, the action was certified against the non-settling defendants on behalf of the following class:

Any person or entity who deposited, invested, or contributed funds in, through, with or to CCI Canada Ltd., CCI Capital Corp., CCI Investments Inc., and/or Phoenix Financial Group Inc. and who were clients of, received advice from, were solicited by, or received representations from Jim Wilson, 1009863 Ontario Inc. (c.o.b. as Wilson Insurance and Financial Services) or 1545182 Ontario Inc., excluding the Defendants and their officers, directors, shareholders, employees, agents, partners and spouses and persons or entities who opt out of the Action.

Settlements were reached with Niddrie & Associate Ltd. (c.o.b. as Wilson Insurance and Financial Services) in the amount of $50,000, and IPO Capital Corp. in the amount of $115,000. Both settlements were approved by the Court.

By Order dated June 20, 2025, the Court discontinued the action against the remaining Defendants, CCI Capital Canada Limited, CCI Capital Corp., CCI Investments Inc., Centurion Developments Ltd., Ravi Chaudhary, Robert James Emerson, Environment Regeneration Systems Inc., Integrated Business Concepts Inc., Ricardo Molinari, Phoenix Financial Group Inc., Phoenix Financial Group (2000) Inc., Vince Villanti, James Wilson, 1009863 Ontario Inc. (c.o.b. as “Wilson Insurance and Financial Services”) and 1545182 Ontario Inc. (c.o.b. as “Wilson Insurance Brokers”), (collectively the “Non-Settled Defendants”). The discontinuance was effective on August 19, 2025.

The limitation period for bringing a claim (if there is any time left within it) against the Non-Settled Defendants recommenced on August 19, 2025. On the expiry of the limitation period, your right to sue may be extinguished. As a result, if you wish to bring your own action against one of the Non-Settled Defendants, you should seek legal advice from local counsel.

To review the Notice of Discontinuance of Class Proceeding, click here
To review the June 20, 2025 Order, click here

Notice of Claims Process, Notice of Discontinuance, and Claim Form [English] [French]
Distribution Protocol [English] [French]
Notice of Distribution and Discontinuance of Class Proceeding Approval Order, dated January 31, 2025 [English Only]
Distribution Approval and Discontinuance Order, dated June 20, 2025 [English Only]

Settlements

Certification

Phoenix Financial: Securities