CIBC Mutual Funds and Renaissance Mutual Funds Class Action Regarding Trailing Commissions Paid to Discount Brokers - Notice of Proposed Settlement and Opt-Out Deadline
A class action settlement has been reached with Canadian Imperial Bank of Commerce and CIBC Trust Corporation for C$11 million ("Settlement Amount") to resolve the claims asserted on behalf of all persons, wherever they may reside or be domiciled, who held or hold, at any time on or prior to September 5, 2025, units of a CIBC mutual fund trust or a Renaissance mutual fund trust, other than through a discount broker ("Class").
A class action settlement has been reached with Canadian Imperial Bank of Commerce and CIBC Trust Corporation for C$11 million ("Settlement Amount") to resolve the claims asserted on behalf of all persons, wherever they may reside or be domiciled, who held or hold, at any time on or prior to September 5, 2025, units of a CIBC mutual fund trust or a Renaissance mutual fund trust, other than through a discount broker ("Class").
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