Did you invest in CIBC mutual funds? You may be entitled to compensation
CP24 Toronto
Canadians who held CIBC or Renaissance mutual funds before Sept. 5, 2025, may receive compensation from an $11-million class-action settlement.Summary
An $11-million class-action settlement has been approved for Canadians who held CIBC or Renaissance mutual funds on or before Sept. 5, 2025, excluding those who used discount brokers. The lawsuit alleged that excessive trailing commissions were paid to discount brokers, a claim the defendants denied. Current holders of these mutual funds will have compensation deposited directly into their accounts, while former holders must submit a claim form by Nov. 18, 2026.
(Source：CP24 Toronto)