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Class Action Updates

February 11, 2019

On October 25, 2018, the Ontario Court approved a motion to certify the within action as against Deutsche Bank AG, Deutsche Bank Securities Limited, and…

February 11, 2019

On October 25, 2018, the Ontario Court approved a motion to certify the within action as against Deutsche Bank AG, Deutsche Bank Securities Limited, and…

January 17, 2019

A national settlement has been reached with Morgan Stanley for USD$2.3 million, subject to court approval in Ontario and Quebec.  At the approval hearings, the…

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28. Why are people who didn’t submit their forms on time getting some of the money?

In a class action (such as this lawsuit), Class Counsel and the Court are required to be fair to all class members – both those who submitted their forms on time, and those who submitted their forms late.

The claimants who submitted their forms late have good excuses for doing so. Class Counsel think it would be unfair to exclude them.

There are only a few claimants who submitted their forms late. Class Counsel and the experts checked how much difference it would make to the claimants who submitted their forms on time if we included the claimants who submitted their forms late. The difference is very small. Because of this, Class Counsel think that it is not unfair to the claimants who submitted their forms on time.

Posted in: Questions About Sharing in the Settlement Funds (Distribution Protocol Questions), Teck/Cominco Class Action FAQs

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