Daily Hive reported that on September 12, Siskinds LLP announced a $26 million settlement with CIBC and CIBC Trust Corporation to resolve a class action targeting certain mutual fund trustees and managers over trailing commissions paid to discount brokers on funds they oversee.
The settlement remains subject to approval by the Ontario Superior Court of Justice, with a hearing scheduled for November 5, 2025.
If you want to object to the settlement, you’ll need to do so by October 15.
Read the full article here: Canadians could soon cash in on proposed $26M CIBC settlement | National