The Class Action:
The Class Action was started in January 2010 by Gayle Crooks, Karen McGrath and Archie Gillis as representative plaintiffs on behalf of individuals who were affected by a margin calculation error in their accounts that went unnoticed from July 24, 2008 to October 9, 2008. The affected potential claimants are those meeting this description:
“any client or former client (including present and future representatives of deceased members of the class) of CIBC Wood Gundy operating in Halifax, Nova Scotia, who held an investment account as of July 24, 2008 that used uncovered equity options on a security called iShares MSCI Emerging Markets Index (“EEM” an Exchange Traded Fund) to carry out their investment strategy”
We have moved the details about the proceeding to a password protected web page.
Click here to access the password protected page.
We are asking persons who meet the above description as potential claimants, and who have not provided us with updated contact information since 2017, to do so now.
Please provide us by email to [email protected] the following information for each CIBC account in which there were EEM options held in the account as at July 24, 2008:
- CIBC account number;
- The name(s) in which each applicable CIBC account was owned;
- If applicable, the name of the person authorized by the owner or by law to deal with the claim on behalf of the owner (such as an authorized spouse or other relative, or an executor, or estate administrator); and
- The phone numbers, email addresses and postal addresses of the owner or authorized person.
If you have any questions please email them to Kayla MacDonald at [email protected].