37 h. ago Proposed $26M CIBC settlement could soon put money in Canadians' pockets

Canadians could soon claim a part of a multimillion-dollar proposed CIBC mutual funds settlement.Law firm Siskinds LLP announced on Friday that a $26-million settlement has been reached with CIBC and CIBC Trust Corporation to resolve a class action against various mutual fund trustees and managers, challenging the trailing commissions they have paid to discount brokers on mutual funds under their management.Trailing commissions, also known as trailer fees, are compensation for mutual fund dealers who advise investors. However, over the years, these commissions were also paid to discount brokers, who are not allowed to provide investment advice."It is alleged by the plaintiffs that, since no advice is provided to investors who purchase mutual funds through discount brokers, these investors receive no value for the trailing commissions that reduce the value of their mutual fund investments," reads the class action.This settlement is still subject to approval by the Onta...

Economics

63 h. ago $500M bread price fixing settlement now open for Canadians to claim

Submissions are now open for Canadians to claim their share of a $500 million class action lawsuit settlement after a scheme to fix the price of bread products in Canada.

Economics

8 d. ago Anthropic to pay authors $1.5 billion to settle lawsuit over pirated chatbot training material

NEW YORK (AP) — Artificial intelligence company Anthropic has agreed to pay $1.5 billion to settle a class-action lawsuit by book authors who say the company took pirated copies of their works to train its chatbot. The landmark settlement, if approved by a judge as soon as Monday, could mark a turning point in legal […]

Economics

9 d. ago Google facing $425.7 million in damages for nearly a decade of improper smartphone snooping

SAN FRANCISCO (AP) — A federal jury has ordered Google to pay $425.7 million for improperly snooping on people’s smartphones during a nearly decade-long period of intrusions. The verdict reached Wednesday in San Francisco federal court followed a more than two-week trial in a class-action case covering about 98 million smartphones operating in the United […]

Economics

2 w. ago Payouts now arriving for Canadians in $20 million Yahoo! class action settlement

Some Canadians are starting to receive money from a Yahoo! settlement, so make sure to check your bank account.In 2024, the Ontario Superior Court approved a settlement of a nationwide class-action lawsuit against Yahoo! Inc. and Yahoo! Canada Co.The lawsuit was filed after the online platform faced several data breaches between 2013 and 2016.The first data breach occurred in 2013, and the company issued a notice on Dec. 14, 2016. The second breach took place in 2014, with a notice issued on Sept. 22, 2016. In February 2017, Yahoo issued a notice about the third breach that occurred in 2015 and 2016.The class-action lawsuit alleged that the company failed to protect account holders' personal information and that the data breaches were due to "inadequate data security measures in place.""The defendants Yahoo Inc. and Yahoo! Canada Co. deny that they have violated any laws and deny that they have engaged in any wrongdoing," read the notice.Two years a...

Economics

3 w. ago Class action suit alleges sex assault by Nordik Spa employee

The file now goes before a judge of the Superior Court of Quebec to assess the case's merit before it can proceed to court.

Events

3 w. ago More than 20 women allege sexual assault at Quebec spa, class action requested

A class action filed against Nordik Spa-Nature alleges it failed to protect clients, as more women come forward with disturbing assault claims.

Events

3 w. ago Catherine Galliford, who challenged RCMP sexual harassment, dies at 58

Galliford's sexual harassment lawsuit prompted a class action suit and more than $100 million was paid to sexual harassment victims in the RCMP.

Events

4 w. ago Proposed class action filed against Amazon for breaching privacy of Alexa users

Lawsuit from Charney Lawyers alleges Alexa products have collected more personal data from Canadian users than Amazon has disclosed

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