Ontario court awards $210K in costs against FSRA in Brewers Retail pension case

By Julius Melnitzer | June 28, 2022

An Ontario Superior Court judge is awarding Brewers Retail Inc. $210,000 in costs against the Financial Service Regulatory Authority of Ontario.

Justice Ed Morgan’s award followed his criticism of the regulator for defying a decision of its predecessor, the Financial Services Commission of Ontario.

One veteran pensions litigator — speaking on condition of anonymity as the case is still before the courts — says the decision is possibly the largest costs award against a pension regulator in Canadian history and the “most damning indictment of regulatory disregard of plan members’ rights” since 1986, when Dominion Stores Ltd. (now Metro Inc.) was ordered to return $37.9 million that it withdrew from its employee pension plan.

Read more here . . .

Julius Melnitzer is a Toronto-based legal affairs writer, ghostwriter, writing coach and media trainer. Readers can reach him at [email protected] or https://legalwriter.net/contact.

Social Media Auto Publish Powered By : XYZScripts.com