UPDATE Regarding Class Actions against The Toronto-Dominion Bank, BMO Bank of
Montreal, and The Bank of Nova Scotia

TORONTO, June 23 /CNW/ - In 2007, the law offices of Juroviesky and Ricci LLP filed class action lawsuits in the Ontario Superior Court of Justice against The Toronto-Dominion Bank, BMO Bank of Montreal, and The Bank of Nova Scotia ("Defendants").

Specifically, the class action suits allege that the Defendants' practices regarding holding of cheques and the extended timelines for denying their clients access to their funds are unlawful, and a breach of contract.

The Plaintiffs' counsel team is seeking to pursue remedies against the Defendants for common law breach of contract, breach of common law duty/agency, breach of fiduciary duty, conversion, unjust enrichment, violations of various Acts, and negligence.

UPDATE: These three lawsuits have been coordinated by court order; and the Certification Motions in all three actions are scheduled to be heard together for Certification the week of August 30, 2010.

Kirk M. Baert of Koskie Minsky LLP has joined the Plaintiffs' counsel team.

To be included as a class member in these matters, you must meet certain legal requirements. If you have had a cheque held by BMO, TD or Bank of Nova Scotia for longer than three days and you would like to join these class actions as a class member or as lead or representative plaintiff, or you would like to be included in our Bank Clearing Class Action database, please email Juroviesky and Ricci LLP at info@jrclassactions.com. In your email, please indicate 'Bank Hold' in the subject line, and include your full contact information (name, address, phone number, and email address).

More information on this and other class actions can be found on the Juroviesky and Ricci LLP Class Action website at www.jrclassactions.com.

SOURCE JUROVIESKY AND RICCI LLP

For further information: For further information: Juroviesky and Ricci LLP, Henry Juroviesky, Tel: 416.481-0718 ext.450, Fax: 416.352-1378, Email: info@jrclassactions.com

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