Superior Court Certifies $1.0 Billion Foreign Exchange Price Fixing Class Action

In his decision released earlier this Spring, Ontario Superior Court Justice Paul Perell certified a class action in Mancinelli v. Royal Bank of Canada claiming $1.0 Billion in damages against several large banks, including Credit Suisse Group AG; Deutsche Bank AG; the Royal Bank of Canada; and the Toronto Dominion Bank, relating to an alleged conspiracy to fix prices in the foreign exchange market. The claim alleged that, between 2003 and 2013, the Defendant banks, who controlled approximately 65% of the FX market trading in Canadian currency, conspired to fix the price of FX instruments as well as other collusive ... [more] Full article
Ontario Court of Appeal sets aside $20 million Charter damages award in solitary confinement class action
Recently, the Court of Appeal for Ontario set aside a $20 million damages award against the Federal government for “additional mental health or program resources for structural changes to penal ... [more] Full article
Court of Appeal Adds Banks to FX Price Fixing Class Action
In overturning a lower court decision, the Ontario Court of Appeal ruled that TD Bank and BMO would be added as defendants in a price fixing class action against major ... [more] Full article
Class Action Against The Beer Store Dismissed
The Ontario Superior Court of Justice dismissed a $1.4 billion class action against The Beer Store, a chain of stores owned by 30 Ontario-based brewers. The lawsuit alleged that as a ... [more] Full article