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Crooks v. CIBC World Markets

Crooks v. CIBC World Markets

Supreme Court of Nova Scotia Hfx. 322441

SETTLEMENT UPDATE

Update May 19, 2021:

Settlement funds have been received from the Defendant and an Order approving the settlement has been issued. We expect settlement funds to be mailed sometime during the week of May 25, 2021.

A copy of the issued Order can be seen here.

Update May 7, 2021:

Associate Chief Justice Duncan has approved the settlement in principle on May 6, 2021 in an oral decision following a hearing by teleconference, subject to reviewing and approving an Order which is being revised to reflect his decision. Before distributing funds we are waiting for (1)  issuance of the Court Order and (2) receipt of settlement funds from the Defendant. It is hoped that we will be in a position to start sending out cheques later this month.

Supreme Court of Nova Scotia Hfx. 322441

IMPORTANT UPDATE REGARDING A SETTLEMENT WITH CIBC WOOD GUNDY AND TIME SENSITIVE STEPS YOU MUST TAKE IF YOU WISH TO PARTICIPATE IN THE SETTLEMENT – January 20, 2021

COURT APPROVED NOTICE TO CLASS MEMBERS

The Court Approved Notice contains information about the case and about the proposed settlement and settlement process, including information about a hearing in May, 2021 at which time the Court will be asked to give its approval of the settlement and of the legal costs sought by Plaintiff’s counsel. The Notice also contains details on how to make a Claim to participate in the settlement, and details on your right to voice support or objection to the Court approving the settlement.

 Please click here to read the Court Approved Notice

TO PARTICIPATE IN THE SETTLEMENT:

  • You must fill in the Claim Form and either email it or have a hard copy delivered, such that in either instance it is received on or before March 22, 2021; and
  • For persons claiming entitlement as heirs, executors, receivers, trustees or other successors and assigns of the July 24, 2008 owners of eligible accounts, you must provide satisfactory evidence of your right to claim for or through those account owners.

If you are missing information about your account number or otherwise want assistance, you should seek assistance from counsel for the Plaintiffs on or before March 8, 2021

 

Failure on the part of a class member to take these steps will result in the class member not being entitled to any settlement.

Please click here to access the CLAIM FORM

For more information about the settlement and the case please read the Court Approved Notice, by clicking the link above. The following materials in connection with the Motion to obtain Court Approval are also available by clicking on the links below, if you choose to read them:

AFFIDAVIT in support of Motion

BRIEF in support of Motion

ORDER Approving the Notice to Class Members

What if I want more information?

PLEASE DO NOT CONTACT THE SUPREME COURT OF NOVA SCOTIA

For more information, please contact McInnes Cooper at:

[email protected]

(902) 444-8458 or (902) 444-8446

CIBC Class Action

c/o Peter Rogers,

McInnes Cooper

PO Box 730, Halifax, NS  B3J 2V1


McInnes Cooper has prepared this document for information only; it is not intended to be legal advice.  You should consult McInnes Cooper about your unique circumstances before acting on this information. McInnes Cooper excludes all liability for anything contained in this document and any use you make of it.