Notice of Settlement Approval and Claim Process
Have you owned units of a TD Mutual Fund, aside from any held via a discount broker? Recently, a significant class action settlement has been announced regarding TD Asset Management Inc. This approval by the Ontario Superior Court of Justice involves a sizeable compensation of C$8,500,000 intended to resolve claims for all individuals who held TD Mutual Fund units at any time prior to the specified cutoff.
Details of the Settlement
This settlement does not imply any admission of liability or wrongdoing on the part of the defendant. Instead, it reflects a practical compromise aiming to address the disputed positions of both parties involved.
Individuals or Class Members who currently hold units of a TD Mutual Fund need not submit any claims for compensation. Instead, funds will be allocated directly to each TD Mutual Fund trust from the net settlement amount.
Instructions for Former Fund Holders
For those no longer holding units of a TD Mutual Fund, a claim must be submitted to receive compensation. To be eligible, these individuals must fill out a Claim Form and send it to the administrator. The URL to submit your claim can be found online.
Deadlines for Filing Claims
Claims must be submitted by the specific deadline to ensure eligibility for compensation. Be proactive in checking all necessary information and submitting any required documentation promptly.
Important Information for Class Members
For further details regarding the class action, please refer to comprehensive resources available for determining your eligibility and the process of making a compensation claim. This information is essential for ensuring that all Class Members understand their rights and the steps they need to take.
Contacting the Claims Administrator
Should you have questions or require assistance during the claim process, reach out to the claims administrator, Verita Global Inc. They can provide guidance and address any inquiries you may have.
Additional Notes on Eligibility
It is crucial to note that this settlement is not intended for individuals who held TD Mutual Fund units through a discount broker. If your situation falls into this category, a separate settlement process may apply.
Guidance for Discount Broker Holders
If you've previously held units of a TD Mutual Fund through a discount broker, like BMO InvestorLine or RBC Direct Investing, additional specific instructions and settlements are available for you. It’s important to stay informed about the available options.
Conclusion
In summary, if you are a Class Member affected by this settlement, take the necessary steps to ensure you understand your rights and the claim process. The approval of this class action settlement represents an important step towards resolving outstanding claims related to trailing commissions associated with TD Mutual Funds.
Frequently Asked Questions
What is the total amount of the settlement?
The total amount of the settlement approved is C$8,500,000.
Do I need to submit a claim if I still own TD Mutual Fund units?
No, if you still hold units, you do not need to submit a claim.
How can I claim compensation if I no longer hold any units?
You will need to submit a Claim Form to the administrator by the specified deadline.
Who should I contact for more information about my status?
You can contact Verita Global Inc. for guidance regarding your claim.
Am I eligible if I held units through a discount broker?
This settlement does not cover those who held units through discount brokers. Separate information and settlement options are available for you.
