A class action lawsuit has been filed against the Canadian bank for allegedly wrongfully withholding certain of its clients' funds on deposit. The lawsuit was filed in the Ontario Superior Court of Justice on behalf of persons who have maintained a bank account with the Bank of Nova Scotia and who have made one or more deposits into their bank account at any time between May 4th, 2001 and May 4th, 2007 and were not able to access their funds immediately upon such deposit because the bank held their funds.
The lawsuit claims the bank was involved in breach of contract, breach of common law duty/agency, conversion, unjust enrichment, and negligence. The class claims the bank wrongfully withheld certain of its clients' funds, such as cheques, wire transfers, or other deposits, on deposit even after the bank had already received payment on such deposits.
