Alison Patricia Bond

The Joint Liquidators of Stanford International Bank Limited (SIB) appealed the dismissal of their negligence claim against The Toronto-Dominion Bank (TD Bank).

SIB was a vehicle for a massive Ponzi scheme.

The Liquidators claimed TD Bank was negligent in providing correspondent banking services by failing to detect and protect SIB from insider abuse.

The Court of Appeal upheld the trial judge's finding that TD Bank did not owe a novel duty of care to monitor SIB for internal fraud, as this fell outside the scope of TD Bank's undertaking as a correspondent bank.

The court also affirmed the trial judge's alternative finding that even if a duty existed, there was no breach of the standard of care, and that the trial judge's procedural rulings regarding witness recall were fair.

The appeal was dismissed.

This appeal concerned proposed class actions against auto insurers for improperly deducting HST from statutory accident benefits (SABs) and against the Financial Services Commission of Ontario (FSCO) for alleged regulatory failures.

The motion judge had dismissed claims against insurers due to the exclusive jurisdiction of the Licence Appeal Tribunal (LAT) under s. 280 of the Insurance Act, but allowed claims against FSCO to proceed.

The Court of Appeal upheld this decision, confirming the LAT's exclusive jurisdiction over SAB disputes and affirming the court's jurisdiction over tort claims against the regulator.

The court also refused leave to appeal the motion judge's costs order, finding it within his discretion.

The defendant, ASG Technologies Group, Inc. (ASG), brought a motion to impose a discovery plan, which the plaintiff, The Manufacturers Life Insurance Company (Manulife), opposed, proposing its own version.

The primary dispute concerned the relevance and proportionality of various document categories requested by each party in a software licensing dispute.

The Master largely rejected Manulife's broad requests for "misconduct documents" and "valuation documents" related to ASG's other customers and internal financial data, finding them overbroad, disproportionate, or not sufficiently supported by the pleadings.

The Master also rejected ASG's requests for documents related to Manulife's internal dealings with its own customers regarding ASG's products.

The court imposed a discovery plan with specific, narrowed categories of documents to be produced and set deadlines for document exchange and examinations for discovery.