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Inter-member transfers did not trigger offering statement duties, so the statutory claim failed.
On a Rule 20 motion for summary judgment in a proposed class proceeding, the court held that s. 68(1) offering statement requirements under the Credit Unions and Caisses Populaires Act apply to primary issuances and sales by a credit union, not to inter-member share transfers shown on this record.
Because the plaintiff and proposed class members acquired shares through transfers or dividend issuances that did not engage the statutory cause of action in s. 75(3), there was no genuine issue requiring a trial.
The defendant regulator's motion for summary judgment dismissing the claim was granted.
The court approved a $21 million class action settlement and trauma-informed claims process for patients sexually assaulted and secretly recorded by a clinic physician.
This is a class action settlement approval motion involving sexual assault and voyeurism by a physician at a university health clinic.
The representative plaintiffs sought court approval of a $21,050,000 settlement on behalf of a class of approximately 150-200 patients who were photographed, videotaped, and/or sexually assaulted without their knowledge or consent.
The settlement was reached after extensive negotiations including mediation and three days of judicial pre-trial conferences.
The court approved the settlement as fair, reasonable, and in the best interests of the class members, addressing concerns about the claims process, trauma-informed procedures, honoraria for representative plaintiffs, legal fees, and various disbursements.