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Bank of Canada

January 2006

January 1, 2006

Before a lawsuit can be considered a class action, the Plaintiff has to apply to have it “certified” by the court. The certification hearing in this case was heard before Mr. Justice Davies of the British Columbia Supreme Court in November 2005.

An application by the Business Development Bank to stay this action in British Columbia and have it re-filed in Quebec was heard at the same time as the certification hearing.

On February 16, 2006, His Lordship released “Reasons for Judgement” certifying the class action for hearing in British Columbia, appointing Mr. Lieberman as the Representative Plaintiff for the class action, and dismissing the defendant’s application for a change of jurisdiction.