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Ontario Superior Court Awards Over $170 Million in Damages to Mutual Fund Investors in Landmark Class Action Decision

Markets PR Newswire By PR Newswire 17 Jul 2026 21:14 1 min read
Ontario Superior Court Awards Over $170 Million in Damages to Mutual Fund Investors in Landmark Class Action Decision

TORONTO, July 17, 2026 /PRNewswire/ -- On July 16, 2026, Justice Marcus Koehnen of the Ontario Superior Court of Justice ordered CI Mutual Funds Inc. and AIC Limited to pay Class Members damages and interest in excess of $170 million. The Market Timing class action, commenced in 2006,...

TORONTO, July 17, 2026 /PRNewswire/ -- On July 16, 2026, Justice Marcus Koehnen of the Ontario Superior Court of Justice ordered CI Mutual Funds Inc. and AIC Limited to pay Class Members damages and interest in excess of $170 million. The Market Timing class action, commenced in 2006,...

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