Between two parties separately defrauded by the same individual, who should be made whole? In 1442422 Ontario Ltd. et al v. The Toronto-Dominion Bank, 2026 ONSC 3856 the Court held that TD Bank, despite not being found negligent, must repay more than $16 million for its receipt of funds that the bank was unaware were fraudulently obtained but were paid in circumstances that should have led the bank to make further inquiries about their source. Heimbecker’s unauthorized overdraft with TD Mr. Heimbecker was a long-standing TD Bank client with two accounts at the bank: one personal and one for his ... [more] Full article
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 ... [more] Full article
Canadian businessman John Bennett appeared in a US court last week after his extradition to the US to face bid-rigging, fraud, conspiracy, and kick-back charges. The charges stem from a ... [more] Full article
Deterrence and denunciation of bribery of foreign public officials were at the fore as a judge sentenced Ottawa businessman Nazir Karigar to three years in jail for agreeing to offer ... [more] Full article
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