Protection needed for small investors
The settlement last month of a multi-million-dollar real estate class action will allow 143 purchasers in a failed commercial condominium to recover almost half their original deposits after the project became insolvent.
Toronto lawyer Samuel Marr acted for the class action plaintiffs. “None of them had the time or resources to pursue a lawsuit on their own,” Marr told me, but they will all share in the proceeds.
For Class Action information on LMK Lawyers, please download the pdf by clicking here:
Toronto Star’s follow-up article