Banking, Bankruptcy & Insolvency
-
October 10, 2024
Proposed $70M settlement reached in TD mutual funds class action
Class actions specialist Siskinds LLP has announced that a $70.25 million settlement has been reached with TD Asset Management Inc. to resolve claims of investors who held units of a TD mutual fund trust through a discount broker. It is one of seven similar actions that Siskinds has launched challenging these types of payments to brokers.
-
October 10, 2024
OSC proposes enhancing retail investors’ access to long-term illiquid assets
The Ontario Securities Commission (OSC) is seeking public comment on a proposal to permit retail investors to gain exposure to long-term illiquid assets through a new investment fund category.
-
October 10, 2024
New partner joins Bennet Jones Montreal
Mahnaz Jan Ali has joined the Montreal office of Bennett Jones LLP as a partner, a recent news release from the firm announced.
-
October 09, 2024
Taxpayers’ ombudsperson reports that complaints, inquiries surged as CRA resumed collection activities
The Office of the Taxpayers’ Ombudsperson (OTO) saw a 29 per cent increase in complaints and a 62 per cent increase in inquiries in 2023-24 as the Canada Revenue Agency (CRA) resumed collection activities that were put on hold during the COVID-19 pandemic.
-
October 09, 2024
OSC releases report, simulator on how gamification influences investor behaviour
The Ontario Securities Commission (OSC) has released a report that studied the impact of gamification on investors and has simultaneously launched a new trading tool for investors in order to test how online gamification can influence investing behaviour.
-
October 09, 2024
Class action settlement approved in case against HSBC related to Ponzi scheme
The British Columbia Supreme Court has approved a class action settlement requiring HSBC Bank to pay up to $1.2 million to the victims of a Ponzi scheme that two of the bank's clients operated through their HSBC accounts.
-
October 09, 2024
Cross-border litigator joins Hodgson Russ as partner
Hodgson Russ LLP recently announced the addition of Jennifer E. Brevorka as a partner in the firm’s Canada-U.S. cross-border litigation practices.
-
October 09, 2024
Personal injury lawyers ask SCC not to make it harder for clients to sue foreign defendants
When can people injured abroad sue in Canadian courts? Does the presumption of innocence apply in non-criminal settings? When a miscarriage of justice occurs, what is the scope of an appeal court’s power to acquit when setting aside a guilty plea? These are some of the questions raised by appeals slated for the Supreme Court of Canada’s new fall session as counsel began making their arguments this week in a court building with stepped-up exterior security features, such as an imposing barricade of large cement planters.
-
October 08, 2024
Insured mortgage refinancing for secondary suite construction to be available starting 2025
The federal government has announced that homeowners looking to add secondary suites will be able to refinance insured mortgages, according to an Oct. 8 release. The government has also increased the mortgage insurance home price limit for those refinancing to build a secondary suite to $2 million.
-
October 08, 2024
Ontario Securities Commission releases report detailing its approach to sustainable finance
As climate events increasingly impact economies and equity markets, the Ontario Securities Commission (OSC) has published a report detailing its approach to sustainable finance.