A claim against The Canadian Depository for Securities Limited alleged a breach of trust or fiduciary duty and negligence in relation to offers to purchase preferred shares which the Plaintiff owned in BCE Place Finance Corporation for which CDS was the registered shareholder and sub-custodian. The claim against CDS was dismissed as was the appeal.
Geoff Cowper, QC and Tracey Cohen, QC were counsel to The Canadian Depository for Securities Limited.