Please see the following Notice document (in PDF format) – Notice of Certification in Class Settlement in respect of the following three mutual fund managers – AGF FUNDS INC., I.G. INVESTMENT MANAGEMENT LTD., FRANKLIN TEMPLETON INVESTMENTS CORP. No further litigation is being pursued by our firm in regards to Funds operated by the above corporations.
Merchant Law Group LLP launched class proceedings in 2006 against BMO Nesbitt Burns Inc., TD Waterhouse Canada Inc., RBC Dominion Securities Inc., and other Canadian mutual funds managers, on behalf of all persons (including their estates, executors, or personal representatives), corporations, and other entities who are or have been an investor, either directly or indirectly through an agent, mutual fund, pension fund, or other investment vehicle, in one or more the above Defendant Corporations.
Some of the types of harm that Class Members have allegedly suffered as a result of the market timing of mutual funds includes:
- dilution of the value of other security holders’ INVESTMENTS in the fund
- increased brokerage transaction costs
- inefficient management of a fund caused by maintaining cash or cash equivalents and/or
- monetization of investments to meet redemption requirements
- disruption to the portfolio manager’s investment strategy.
Merchant Law Group LLP has 10 offices across Canada, with lawyers practising law in six provinces. Merchant Law Group LLP and Tony Merchant Q.C. are well known for pursuing class action lawsuits in Canada including litigation regarding Winners/HomeSense, Various Cellular Phone Fees, BCE Dividends, GM Gasket Manifolds, Hip Implants, Lead Paint in Toys (and similar consumer products), Maple Leaf, Celebrex/Bextra, Vioxx, Sony, Residential Schools and various other cases. Tony Merchant Q.C. is known to be one of Canada’s most active litigators with more than 600 reported cases in leading Caselaw Journals, having argued thousands of cases before the Canadian and American Courts, in Trial and Administrative Courts, and the Courts of Appeal of various American and Canadian jurisdictions, the Federal Court of Canada, and the Supreme Court of Canada. Tony Merchant, Q.C., has a long history in pursuing public policy cases and is a former Member of the Legislative Assembly (M.L.A.)
POUR LE SERVICE EN FRANCAIS AU SUJET DE CE RECOURS COLLECTIF (OU D’AUTRE RECOURS POTENTIEL), S.V.P. CONTACTER NOTRE BUREAU DE MONTREAL: MONTREAL@MERCHANTLAW.COM.
IF YOU WISH TO JOIN THE CONTACT LIST FOR THIS CLASS ACTION OR TO SIMPLY GET MORE INFORMATION, PLEASE COMPLETE THE BELOW FORM. (Please note, providing your information creates no financial obligation for you. You are not charged any fee or cost for joining this class action – we are simply paid a contingency fee from the compensation recovered, if successful.)