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Yorkton Securities Book4Golf Class Action Settlement



Deloitte was appointed by the Ontario Superior Court of Justice as Administrator of the settlement and oversaw the distribution process.

A class action lawsuit was commenced in Ontario against Yorkton Securities Inc., Yorkton Financial Inc., Gordon Scott Paterson and the third party defendants alleging that they are liable to the class members who suffered a net loss in trading in corporation. The terms of the court approved settlement provided that the defendants pay each class member an amount up to 16.44% of his, her or its net capital loss.

The deadline to submit claims has expired and the settlement administration has been concluded.