Almost four years after irate investors launched a $500-million claim against Manulife Financial Corp. over its risk management policies and practices, an Ontario court is set to hear arguments this week as it determines whether the case can proceed as a class action. 849 more words
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Koskie Minsky LLP and Siskinds LLP won approval from an Ontario judge to lead an investor class-action lawsuit against Sino-Forest Corp. and its executives, according to court documents. 192 more words
TORONTO — After spending a day and a half making their cases, Canada’s leading class-action lawyers now have to wait and see who gets to lead the action against Sino-Forest Corp., possibly the biggest of its kind in Canadian history. 340 more words
When a class-action settlement is reached, few plaintiffs make claims for the money relative to the number the class represents. Lawyers who practise in the area say the average claim for the settlement money – referred to as take-up rates – ranges from 20% to 40%, which is exceptionally low. 759 more words
It’s been apparent for some time that securities class actions are proving most lucrative for Canada’s lawyers, particularly in Ontario, British Columbia and Quebec.
No surprise, then, that the competition among plaintiffs’ firms for carriage of the juicy files and the millions of dollars in fees flowing from them would be fierce. 534 more words