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OMERS/Borealis

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Updated: November 27, 2006

The plaintiff Wyman MacKinnon commenced an action against the defendants in the Ontario Superior Court of Justice in Toronto (Court File No. 05-CV-289544 PD3). The plaintiff alleges that the defendants breached their trust and fiduciary duties owed to the plaintiffs and all members of the Ontario Municipal Employees Retirement System Pension Plan (the "Plan") and that the individual defendants were unjustly enriched by entering into certain transactions which favoured them at the expense of the Plan. The plaintiff seeks a series of declarations, damages and restitution to the OMERS Pension Fund (the "Fund") on behalf of all Members.

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