PP and ALT Savings: Class Action authorized against Desjardins
On October 30, 2020, the Supreme Court of Canada authorized a class action against Desjardins Financial Services Firm Inc. and Desjardins Global Asset Management Inc. for the Perspective Plus Term Savings (“PP”) and Alternative Term Savings (“ALT”) or any other investment that includes a portion invested into PP and ALT savings. These financial products have been sold in the Caisses populaires between 1999 and 2008. If you held these investments on October 1, 2008, you could be a member.
The class action aims to compensate all individuals who lost any return on the savings they held on October 1, 2008. The authorization of the class action means that Mr. Asselin and his lawyers can represent all the class members and go ahead with the proceedings.
To consult the full notice to members, click here.
To consult the class action information page, click here.