Trailer Fee Class Actions Allowed to Proceed
Proposed class action lawsuits against fund managers over trailer commissions to discount brokers can proceed.
An Ontario court has ruled, upholding a lower court decision, that these lawsuits are not prohibited by earlier similar class actions.
- BMO Investments Inc.
- Natcan Trust Co.
- National Bank Investments Inc.
had appealed a lower court ruling from November 2024, which rejected their motions to dismiss new trailer fee class actions.
the plaintiffs required leave from the court to bring their legal actions
Author's summary: Class actions against fund managers proceed.
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