Le Lézard
Classified in: Business
Subject: LAW

MACKENZIE MUTUAL FUNDS CLASS ACTION REGARDING TRAILING COMMISSIONS PAID TO DISCOUNT BROKERS


NOTICE OF CERTIFICATION AND OPT-OUT DEADLINE

HAVE YOU HELD UNITS OR SHARES OF A MACKENZIE MUTUAL FUND THROUGH A DISCOUNT BROKER?

LONDON, ON, March 4, 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 Mackenzie Financial Corporation and Mackenzie Financial Capital Corporation ("Defendants"). It is alleged that the Defendants paid excessive, inflated, and/or unearned trailing commissions to Discount Brokers out of the assets of the Mackenzie 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 Defendants.

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 June 2, 2024.

To obtain a copy of the opt-out form or for other important information regarding the class action:

The publication of this notice was authorized by the Superior Court of Justice of the Province of Ontario

SOURCE Siskinds LLP


These press releases may also interest you

27 avr 2024
On April 25, 2024, CATL (SZ:300750) and Beijing Hyundai signed a strategic partnership agreement at Auto China 2024 to cooperate on Beijing Hyundai's EV projects and to power future Beijing Hyundai electric models with CATL batteries....

27 avr 2024
Sola Salons, the world's largest studio suites franchise for more than 20,000 independent beauty professionals, proudly announces the opening of its Southern Oregon location in Medford, Oregon. In 2004, Sola Salons was the first in the industry to...

27 avr 2024
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of bluebird bio, Inc. between April 24, 2023 and December 8, 2023, both dates inclusive (the "Class Period"), of the important May 28, 2024 lead plaintiff...

27 avr 2024
Prospera Energy Inc. ("Prospera" or the "Corporation") (PEI: TSX-V; OF6A:FRA) announced that it has agreed to settle claims from a former executive by the payment of $120,000 over a period of 6 months, and by the issuance of 2,181,818 common shares...

27 avr 2024
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Plug Power Inc. between May 9, 2023 and January 16, 2024, both dates inclusive (the "Class Period"), of the important May 21, 2024 lead plaintiff deadline....

27 avr 2024
Flourishing Foundations Recovery has launched a new outpatient detox center in San Antonio, TX, aiming to help individuals tackle drug and alcohol addiction without pausing their daily lives. The new substance abuse treatment center ensures easy...



News published on and distributed by: