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MBNA Canada Bank
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MBNA Class Action
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Status:
This action has been certified as a class proceeding. The parties are
proceeding to the discovery and exchange of document stage.
On May 2, 2007, the Court of Appeal for Ontario reversed the lower Courts'
decisions, and certified this action as a class proceeding. Leave to appeal to
the Supreme Court of Canada was denied.
The Claim:
This class action was commenced on September 9, 2003. The law firms Paliare
Roland Rosenberg Rothstein LLP and Koskie Minsky LLP
are class counsel.
The claim alleges that MBNA receives interest at a criminal rate in certain
circumstances as a result of the flat fees it charges in respect of cash
advances. Damages are sought on behalf of the class for repayment of the
interest paid that exceeds the criminal rate. An injunction is also sought to
compel MBNA to stop receiving interest at a criminal rate.
For more details:
For further information, you may also wish to review a summary of common
Questions and Answers.
Questions concerning this action which were not answered by your visit to our
site should be directed to the toll free hotline:
1.877.309.9111
or e-mail:
info@mbnaclassaction.ca
For further information concerning Paliare Roland Rosenberg Rothstein LLP class
action cases or any potential cases, please contact
Margaret Waddell or
Odette Soriano via e-mail or telephone 416.646.4300.
For further information concerning this action, please write to us at
Koskie Minsky LLP, c/o MBNA Class Action, 20 Queen Street West,
Toronto, Ontario M5H 3R3, or e-mail us at
mbnaclassaction@kmlaw.ca. |
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