30 total
Mixed costs awards following undertakings and refusals motions in a medical malpractice action.
The plaintiffs sought costs for undertakings and refusals motions brought against several defendants in a medical malpractice action.
The court awarded the plaintiffs $6,800 in costs against five defendant physicians who failed to answer undertakings until after the motion was served.
However, the court awarded costs of $3,257.64 to another defendant physician who was successful on the single refusal argued and had answered undertakings promptly.
No costs were awarded against two other defendants who resolved their issues prior to the hearing.
Six class action settlements totaling $51.5 million for alleged foreign exchange market manipulation approved.
The plaintiffs in a class action alleging a price-fixing conspiracy in the foreign exchange market moved for approval of six settlements totaling $51.5 million.
The court reviewed the settlements in light of the estimated range of total damages, the litigation risks, and the value of the settling defendants' cooperation.
Finding the settlements to be fair, reasonable, and in the best interests of the class, the court approved the settlements.
A motion to strike an amended counterclaim was dismissed due to procedural bar and delay.
The Vria Parties (defendants by counterclaim) moved to strike the Fresh as Amended Statement of Defence and Counterclaim against them, arguing it disclosed no reasonable cause of action or was frivolous/vexatious.
The court dismissed the motion, finding it was procedurally barred because the Vria Parties had already filed a defence to the original counterclaim, which contained the same causes of action.
The court also found the motion was not brought promptly, as required for Rule 21.01 motions, especially in a complex, case-managed proceeding.
The court approved a $39.25 million class action settlement but significantly reduced class counsel's requested contingency fees.
This class action involved two motions: approval of three settlements totaling $39.2 million in an FX market price-fixing conspiracy case, and approval of Class Counsel's fees and disbursements.
The court approved the settlements, finding them fair and reasonable given the litigation risks and the stage of the proceedings.
However, the court partially denied Class Counsel's request for $9.8 million in fees, approving only an additional $2 million, citing that the achieved recovery (5 cents on the dollar against a potential $1 billion loss) was respectable but not "very good" and that the claimed litigation risks were somewhat exaggerated given prior regulatory findings and U.S. settlements.
The court emphasized the need for diligence in approving contingency fees in settlements to ensure they are provident for class members, not just counsel.
Costs of $75,365.38 awarded to defendants after plaintiffs' improper attempt at extra-jurisdictional discovery.
Following a successful motion by the defendants to prevent the plaintiffs from using extra-jurisdictional procedures to acquire documents from non-parties, the defendants sought partial indemnity costs of $75,365.38.
The plaintiffs argued for reduced costs of $15,000, citing the novelty and public interest of the issue under section 31 of the Class Proceedings Act, 1992.
The court rejected the plaintiffs' argument, finding the issue was not legally novel in a way that justified denying costs and noting the plaintiffs' conduct was improper.
The court awarded the defendants their costs as claimed.
Plaintiffs enjoined from pursuing U.S. subpoena against non-party to circumvent Ontario pre-certification discovery rules.
In a proposed national class action alleging price-fixing in the foreign exchange market, the plaintiffs obtained an ex parte subpoena in the United States under 28 U.S.C. §1782 to compel pre-certification discovery from a non-party, Bloomberg LP.
The defendants brought a motion to enjoin the plaintiffs from taking any steps in furtherance of the subpoena without authorization from the Ontario court.
The court granted the motion, finding that the plaintiffs had circumvented Ontario's rules and jurisprudence regarding the discovery of non-parties and pre-certification discovery in class actions.
The court held that it has jurisdiction to control its own process and regulate the examination of non-parties for an Ontario action.
Leave to appeal dismissal of motion to appoint corporate investigator denied for failing strict test.
The moving parties sought leave to appeal an order dismissing their motion for the appointment of an investigator under the Business Corporations Act.
They argued the motion judge erred by failing to determine if a prima facie case of oppressive conduct was established and by requiring them to prove oppression on the merits.
The court found the motion judge applied the correct test and that the proposed appeal did not involve matters of general or public importance.
The motion for leave to appeal was dismissed.
Early settlements totaling $15.95 million and class counsel fees approved in foreign exchange manipulation class action.
The plaintiffs brought a class action alleging that numerous financial institutions conspired to manipulate the foreign exchange market.
The plaintiffs reached early settlements with three groups of defendants (UBS, BNP, and Bank of America) totaling $15,950,000.
The plaintiffs sought court approval of the settlements and Class Counsel's fee request.
The court approved the settlements, finding them fair, reasonable, and in the best interests of the class, particularly given the litigation risks and the value of the settling defendants' cooperation.
The court also approved Class Counsel's fee request of $3,987,500 plus disbursements.
Motion to appoint an inspector under the OBCA dismissed for lack of standing and failure to establish prima facie oppression.
The plaintiffs brought a motion seeking a declaration of oppression and the appointment of an inspector under ss. 161 and 248 of the OBCA to investigate the defendants' companies involved in two condominium development projects.
The court dismissed the motion, finding that the plaintiffs lacked standing under s. 161 as they were not beneficial shareholders, and failed to establish a prima facie case of oppression under s. 248.
The court also held that appointing an inspector was inappropriate as the costs would significantly outweigh the benefits, and the plaintiffs already had access to extensive financial information.
Motion for return of shares dismissed; trust agreement found to be a contractual arrangement, not a bare trust.
The moving party and respondent entered into a joint venture to develop condominiums.
After the moving party's family assets were frozen, he transferred his shares in the project companies to the respondent to allow the respondent to secure financing, executing a document styled as a 'trust agreement'.
The moving party later brought a motion seeking the return of the shares, arguing the agreement created a bare trust that could be collapsed under the rule in Saunders v. Vautier.
The court dismissed the motion, finding the document was a contractual agreement rather than a trust, and that the rule in Saunders v. Vautier would not apply regardless because the moving party did not have absolute beneficial ownership of the shares.