Trailer Fee Class Actions Allowed to Proceed
Proposed class action lawsuits against fund managers over trailing commissions to discount brokers can proceed, an Ontario court has ruled.
The court upheld a lower court decision, allowing lawsuits involving different investor groups to move forward.
- BMO Investments Inc.
- Natcan Trust Co.
- National Bank Investments Inc.
These firms appealed a lower court ruling from November 2024, which rejected their motions to dismiss new trailer fee class actions.
The court found that the plaintiffs did not require leave to bring their legal actions.
The firms were targeted in proposed class actions filed in 2018 over trailer fee payments to discount brokers.
Author's summary: Court allows trailer fee class actions to proceed.
More News
- Dave Roberts sends clear message to young outfielder
- CBD Shown to Prevent Opioid-Induced Respiratory Depression, Finds Study
- Omri Miran issues statement after release from Gaza | The Jerusalem Post
- Donald Trump's approval rating underwater in key swing state
- Lewis Capaldi Details 2026 Headlining North American Tour
- Ukraine’s Zelenskyy urges U.S. to broaden Russian oil sanctions and seeks long-range missiles
- What to Know About Trump’s Pardon of Binance’s Founder
- Thousands without power, ferries cancelled amid autumn storm in B.C. - The Weather Network
- On Mount of Olives where Jesus prayed, monks and nuns keep harvesting olives
- Hear the Week's Best New Canadian Music: Ouri, Bibi Club, Home Front, Julianna Riolino │ Exclaim!