The limitation period starts to run when the plaintiff has knowledge of a wrong and the facts that would constitute a cause of action, the Ontario Court of Appeal reaffirmed in upholding the dismissal of a dealer client’s claim on a summary judgment motion for falling outside the limitation period. (Unegbu v WFG Securities, 2016 ONCA 501 affirming 2015 ONSC 6408). The plaintiff, Ms. Unegbu, invested in mutual funds through a leveraged account at the defendant mutual fund dealer in June 2008. She expected an 8% return but noticed that her investments had declined by November 2008. Concerned, she contacted the dealing representative who sold the funds to cancel ... [more] Full article
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