Athletic Trust of Canada timeshare $8.25M class action settlement

Cassels Brock & Blackwell agreed to pay $8.25 million to resolve claims it negligently promoted the Athletic Trust of Canada timeshare, losing Canadians money.

The settlement benefits individuals who applied and were accepted to be beneficiaries of the Athletic Trust of Canada in 2000, 2001, 2002 or 2003 who received and donated timeshare weeks to Registered Canadian Amateur Athletic Associations with a cash donation.

According to plaintiffs in the timeshare class action lawsuit, Cassels Brock & Blackwell negligently supported the Athletic Trust of Canada’s timeshare scheme by offering inaccurate legal opinions. These misrepresentations allegedly resulted in beneficiaries losing money.

The Athletic Trust of Canada scheme reportedly allowed taxpayers to “donate” cash to athletic associations for tax credits.

Cassels Brock & Blackwell hasn’t admitted any wrongdoing but agreed to resolve these allegations with an $8.25 million class action settlement.

Under the terms of the timeshare settlement, class members can receive a proportional share of the net settlement based on the amount they donated in cash to the Athletic Trust Program. 

The first round of settlement payments will distribute funds to donors, while the second round of checks will be distributed to class members who cashed their first checks.

There is no exclusion or objection deadline for this settlement.

The final approval hearing for the settlement was held Jan. 20, 2023.

Class members do not need to file a claim to benefit from the settlement. Class members only need to take action if they received information from the administrator that is not correct. 

The deadline to provide, correct or modify information is May 15, 2023.

Who’s Eligible

Individuals who applied and were accepted to be beneficiaries of the Athletic Trust of Canada in 2000, 2001, 2002 or 2003 who received and donated timeshare weeks to Registered Canadian Amateur Athletic Associations with a cash donation.

Potential Award

Varies.

Proof of Purchase

N/A

Claim Form Deadline

05/15/2023

Case Name

Lipson v. Cassels Brock & Blackwell LLP, Case No. CV-09-376511-00CP, in the Ontario Superior Court of Justice at Toronto

Final Hearing

01/20/2023

Settlement Website

TimeshareSettlement.ca

Claims Administrator

Timeshare Settlement
c/o RicePoint Administration Inc.
P.O. 3355
London, ON N6A 4K3
timesharesettlement@ricepoint.com
877-813-9448

Class Counsel

David O’Connor 
Adam Dewar
ROY O’CONNOR LLP

Defense Counsel

Peter Griffin
Rebecca Jones 
Jessica Kras
LENCZNER SLAGHT ROYCE SMITH GRIFFIN LLP