« AGs in Action: Former Officials of Connecticut Medical Charity and Denver Human Society Targeted | Main | Liquidity and Inflation an Increasing Concern for Nonprofit Investment Managers, Study Finds »
January 29, 2010
Canada: Class Action by 2,825 Donors Certified
The Carters Professional Corporation, a Canadian law firm, reports that the Ontario Superior Court of Justice has certified a class action brought on behalf of 2,825 individuals who participate in the Banyan Tree Foundation Gift Program. We previously blogged about the Canada Revenue Agency's decision to disallow over $200 million in donations to the Foundation. According to the Carters' report, the plaintiffs in the current lawsuit are asserting breach of contract and negligence claims against both the promotes of the program and a law firm that provided legal opinions in support of the program. According to a letter on the Foundation's website, the Minister of Revenue revoked the Foundation's charitable status on September 19, 2008.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Canada: Class Action by 2,825 Donors Certified: