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IN THE NEWS Supreme Court Denies Banks Leave to Appeal in Overtime Class Actions On March 21, 2013 the Supreme Court of Canada denied leave to appeal in the cases of Fulawka v. Scotiabank and Fresco v. Canadian Imperial Bank of Commerce. In June of 2012 the Ontario Court of Appeal ruled that both cases should be certified as class actions and allowed to proceed to trial. The decision of the Supreme Court upholds those rulings. Court of Appeal Certifies Tax Shelter Case On March 19, 2013 the Court of Appeal for Ontario allowed the plaintiff’s claim for allegedly inappropriate tax advice in Lipson v Cassels Brock & Blackwell to proceed as a class proceeding. REO Wins for Defendants – Securities Claim Defeated In reasons released on September 14, 2012 the Ontario Superior Court of Justice denied the Plaintiff’s motions for certification and leave to issue a claim for secondary market misrepresentation under the Securities Act. REO acted for a number of the former directors. Court of Appeal Certifies Overtime Class Actions against CIBC and Bank of Nova Scotia In unanimous decisions released on June 26, 2012 the Court of Appeal for Ontario allowed the plaintiffs’ claims for alleged unpaid overtime in Fresco v CIBC and Fulawka v Bank of Nova Scotia to proceed as class proceedings. REO recognized as leading class action lawyers REO is featured in the June issue of National Magazine - the official publication of the Canadian Bar Association |