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
Facebook pays $9 million fine for allowing sharing of personal data with 3rd party apps
Following a record-breaking $5 billion (US) penalty imposed by the US Federal Trade Commission in July 2019, Facebook agreed to pay a $9 million (Canadian) penalty to settle allegations that ... [more] Full article
Michael Binetti quoted in PaRR competition law newsletter
Michael Binetti, partner at Affleck Greene McMurtry LLP, is quoted PaRR Global’s competition law newsletter to its subscribers: TekSavvy’s release of competition complaint ‘unusual’—lawyers, published on March 23, 2020 (full ... [more] Full article
TekSavvy Claims That Bell And Rogers Abuse Their Dominant Position For Internet Services
In a public version of its complaint to the Canadian Competition Commissioner (see below), Internet re-seller TekSavvy says that Bell Canada and Rogers Communications Canada have been abusing their dominant ... [more] Full article
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