Manulife Financial Corporation
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...
Continue reading the post titled Manulife Financial CorporationLithium Ion Batteries
**The deadline for filing a claim has passed and all settlement funds have been distributed. ** The Lithium Ion Batteries (LIB) class action alleges that the Defendants unlawfully conspired to fix, increase, and/or maintain the price of Lithium Ion Batteries sold in North America and elsewhere between January 1, 2000 and January 1, 2012.
Continue reading the post titled Lithium Ion BatteriesCIBC Mortgages Prepayment Charge
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...
Continue reading the post titled CIBC Mortgages Prepayment ChargeArmtec Infrastructure Inc.
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...
Continue reading the post titled Armtec Infrastructure Inc.Baffinland Iron Mines Corporation
In April 2011, a class action was commenced in the Ontario Superior Court of Justice in relation to the take-over bid for the securities of Baffinland Iron Mines Corporation completed in February of 2011. Siskinds LLP represents the Class. The class action alleged that the documents provided to Baffinland’s securityholders in respect of the take-over...
Continue reading the post titled Baffinland Iron Mines CorporationArmtec Infrastructure Inc. (Français)
En 2011, Siskinds LLP et Siskinds Desmeules ont déposé des recours collectifs proposés en Ontario et au Québec contre Armtec Infrastructure Inc. (TSX:ARF) (« Armtec »). Certains dirigeants et administrateurs d’Armtec et certains preneurs fermes d’une offre d’actions Armtec faite en vertu d’un prospectus en date du 6 avril 2011 sont également nommés comme parties...
Continue reading the post titled Armtec Infrastructure Inc. (Français)Fiduciary accounting: Accounting and record-keeping requirements for attorneys and guardians for property
Court-appointed guardians of property and persons acting pursuant to a continuing power of attorney for property (commonly referred to as “attorneys for property”) share a common duty: they are tasked with managing money and/or property for the benefit of someone who is no longer capable of doing so themselves. The task of managing someone else’s...
Continue reading the post titled Fiduciary accounting: Accounting and record-keeping requirements for attorneys and guardians for propertyCreative sentencing- brilliant or cheap?
The same debate recurs every few years: Are “creative” alternatives to conventional fines a brilliant innovation? Or just another way for corporate polluters to get off cheaply?
Continue reading the post titled Creative sentencing- brilliant or cheap?Buyer Beware: What happens to your real estate deposit when conditions aren’t fulfilled
In most circumstances, a buyer will submit a deposit on acceptance of their offer to purchase residential property. These deposits are typically held in trust by the seller’s brokerage and can range anywhere from $100 to $50,000 or more depending on the location and nature of the property. For their protection, the buyer may also...
Continue reading the post titled Buyer Beware: What happens to your real estate deposit when conditions aren’t fulfilledVirtual hearing to save the climate
On July 12, 2020 a special virtual hearing was held to argue whether the case brought by seven young people1 against the Ontario government alleging that the watered down provincial climate targets in 2018 violated the Charter rights to life, liberty and security of the person should be dismissed. The case challenges the decision of...
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