Credit Card Class Actions
The plaintiffs in these class actions claim that rules established by the Visa and MasterCard networks constitute a conspiracy to fix the fees that merchants pay (namely, merchant discount rates and interchange fees), contrary to section 45 of the Competition Act. [more]
Lenders’ misrepresentation claim against auditor summarily dismissed
Competition Bureau Documents Privileged from Disclosure to Plaintiffs
Curtains for auditor’s arguments at the Court of Appeal in Livent case
Livent Inc. (“Livent”) has prevailed at the Court of Appeal in its auditor’s negligence claim against Deloitte & Touche (“Deloitte”) concerning Deloitte’s failure to detect an accounting fraud carried out by Livent’s senior management. In the result, the trial judge’s $84,750,000.00 damage award (plus interest) was upheld. [more]
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