Published by the Litigation Group
McCarthy Tétrault FRANÇAIS 2013
Legal Update

Regulatory Settlement Will Not Prevent Class Action: SCC Certifies Fischer
On December 12, 2013, the Supreme Court of Canada released its much anticipated decision in AIC Limited v. Fischer, 2013 SCC 69. The Court unanimously held that a restitution payment in settlement of regulatory proceedings does not preclude certification of a class action on behalf of the same investors who received compensation through the regulatory process.