The Statement of Claim was filed on July 20, 2017. BDO Canada LLP delivered a Notice of Intent to Defend on November 29, 2017.
The parties attended an early stage mediation. No settlement was reached.
We delivered materials for a certification motion on June 15, 2018. BDO Canada LLP has agreed to deliver its materials for the certification motion by August 30, 2019. A hearing for the certification motion is scheduled for December 9-11, 2019.
FREQUENTLY ASKED QUESTIONS
1. Do I need to do anything to participate in the class action?
If the class action is certified, all members of the class will automatically be included in the class action, unless they choose to opt out.
2. Am I member of the class?
The class will be determined if and when the Court certifies the class action. We intend to ask the Court to adopt the definition of the class that is set out in the Statement of Claim dated July 20, 2017. In general terms, we intend to ask the Court to define the class to include every person that held an investment in any of the Crystal Wealth Funds on April 7, 2017 (other than people that are related to Crystal Wealth, BDO and certain other individuals and entities that were associated with Crystal Wealth).
3. What happens to any money from a judgment or settlement in the class action?
The Court will determine how any money will be distributed. We intend to ask the Court to appoint an administrator to run a claims process for the purpose of distributing funds to class members.
4. How can I stay up to date on the class action?
We will post updates on this website. We will also provide notice of major steps in the class action, including steps that require action from members of the class.
5. Is there anything I can do to help?
If you believe you have any helpful information to provide concerning the conduct of BDO, please contact us.