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Siskinds LLP (“Siskinds”) is co-counsel in proposed securities class actions against Valeant Pharmaceuticals International, Inc. (“Valeant”), certain of its directors and officers, and its auditor PricewaterhouseCoopers LLP (“PwC”). These class actions arise from the circumstances surrounding Valeant’s previously undisclosed relationships with Philidor Rx Services, LLC and other specialty pharmacies in the conduct of its business...

In February of 2003, a class action was commenced against Fujitsu Canada, Inc. and others alleging negligence in relation to certain computer hard disk drives in the MPG3xxx and MPF3xxx-AH series (the “Drives”), which the plaintiff claims may fail at an unacceptably high rate. While Defendants deny the alleged negligence, the class action litigation in...

Please be advised that the claims process is now complete and all payments have been distributed. This action, which was commenced in July 2009, alleges that Manulife Financial Corporation (“Manulife”) and certain of its current and former officers and directors negligently made misrepresentations relating to Manulife’s risk management practices and policies during the period between...

What is this class action about? The representative plaintiff, on behalf of himself and the Class, claimed damages from the defendants (IKO Industries Ltd., Canroof Corporation Inc., and I.G. Machine & Fibers Ltd.) for the alleged negligent design and manufacture of IKO Organic Shingles. A settlement has been reached in the litigation. The settlement was...

In 2011, Siskinds LLP and Siskinds Desmeules filed proposed class actions in Ontario and Québec against Armtec Infrastructure Inc. (TSX: ARF) (“Armtec”). Also named as defendants were certain officers and directors of Armtec, and certain underwriters in an Armtec share offering conducted pursuant to a prospectus dated April 6, 2011. In February 2014, the parties...

(TSX-V Delisted: GRE; CUSIP: 39573T101; ISIN: CA 39573T1012) On October 20, 2014, an action was commenced in the Ontario Superior Court of Justice (Toronto Region) against GreenStar Agricultural Corporation (“GRE”), certain of its former directors and executive officers and its former auditor. The Action arises from the collapse of GRE. The Plaintiff alleges that certain...

Actos (pioglitazone hydrochloride) is an oral anti-diabetic drug manufactured by Takeda and prescribed to decrease blood sugar levels in patients with type 2 diabetes. A Canada-wide settlement has been reached in five proposed class actions relating to the prescription drugs ACTOS®, APO-Pioglitazone and SANDOZ-Pioglitazone. Hearings were held in the supervising Courts in Québec and Ontario...

Two actions (Jordan v CIBC Mortgage Inc. and Sherry v CIBC Mortgage Inc., together the “Class Actions”) were brought against the defendant CIBC Mortgages Inc. (“CIBC”) in connection with the calculation of certain prepayment charges on mortgages across Canada, excluding Quebec. The Class Actions apply to CIBC mortgages as well as mortgages through related entities...

A Canada-wide settlement was reached and approved on June 13, 2019 by the Supreme Court of Nova Scotia. The Claims Deadline for filing a claim under the settlement was on July 15, 2020. The settlement has now concluded and no further claims are being accepted. Avandia, a drug used to treat diabetes, is associated with...

The Optical Disc Drives class action alleges that the defendants unlawfully conspired to fix, increase, and/or maintain the price of Optical Disc Drives sold in North America. Optical Disc Drives are used to read or write to discs, including CDs, DVDs, or Blu-Ray discs. Optical Disc Drives are used in consumer products such as desktop...