SCOTIA AND DYNAMIC MUTUAL FUNDS CLASS ACTION REGARDING TRAILING COMMISSIONS PAID TO DISCOUNT BROKERS NOTICE OF CERTIFICATION AND OPT-OUT DEADLINE
HAVE YOU HELD UNITS OF A DYNAMIC OR SCOTIA MUTUAL FUND THROUGH A DISCOUNT BROKER?
LONDON, ON, Feb. 7, 2024 /CNW/ - The Superior Court of Justice of Ontario has certified a class action which permits a defined group of investors (the "Class") to pursue claims against 1832 Asset Management L.P. ("Defendant"). It is alleged that the Defendant paid excessive, inflated, and/or unearned trailing commissions to Discount Brokers out of the assets of the Scotia and Dynamic mutual fund trusts. The class action claims monetary damages on behalf of the Class. The allegations made in the class action have not been proven and are contested by the Defendant.
If you wish to participate in the class action, DO NOTHING.
If you do not wish to participate in the class action, be bound by or receive any benefits from it, you must opt out by sending the opt-out form to RicePoint Administration Inc. by May 7, 2024.
To obtain a copy of the opt-out form or for other important information regarding the class action:
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