Class-action Lawsuits
Four separate class-action lawsuits were filed in Ontario, Quebec, Saskatchewan, and British Columbia. The lawsuit in Ontario is claiming damages of $350 million. All lawsuits were filed by Merchant Law Group.
The lawsuits were settled in December 2008 for $27 million.
All the cheques to claimants were mailed on the afternoon of February 3, 2012.
A court order for a "Pro Rata Reduction to all entitlements" was ordered, meaning that all claims were delivered at 93.04% of the original agreement. Claimants had until August 1, 2012 to cash their cheques.
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