Class action certified against ParkLane Financial Group Limited, Trafalgar Associates Limited, Trafalgar Trading Limited, Funds for Canada Foundation, Appleby Services (Bermuda) Ltd. as trustee for the Bermuda Longtail Trust, Edwin C. Harris Q.C., Patterson Palmer also known as Patterson Palmer Law, Patterson Kitz (Halifax), Patterson Kitz (Truro), McInnes Cooper, Gleeson Management Associates Inc., Matt Gleeson and Mary-Lou Gleeson

TORONTO, Nov. 27, 2012 /CNW/ - A class action has been certified by the Ontario Superior Court of Justice in a class action brought by Michael Cannon against ParkLane Financial Group Limited, Trafalgar Associates Limited, Trafalgar Trading Limited, Funds for Canada Foundation, Appleby Services (Bermuda) Ltd. as trustee for the Bermuda Longtail Trust, Edwin C. Harris Q.C., Patterson Palmer also known as Patterson Palmer Law, Patterson Kitz (Halifax), Patterson Kitz (Truro), McInnes Cooper, Gleeson Management Associates Inc., Matt Gleeson and Mary-Lou Gleeson (the "Defendants").

The claim alleges, among other things, that the Defendants were negligent in creating and operating the ParkLane Donations for Canada Charitable Gift Program in the years 2005 - 2009 (the "Gift Program"), and that the promotional materials about the Gift Program contained misrepresentations.  The claim alleges that the Gift Program was a fraud and/or that it was in breach of provincial consumer protection legislation therefore that the Class Members are entitled to rescind the agreements, and to be repaid the money they paid to participate in the Gift Program.

None of the allegations has been proven in court, and the Defendants deny liability.

The Class is comprised of any person who participated in the ParkLane Donations for Canada Charitable Gift Program while resident in Canada during the period between January 1, 2005 and December 31, 2009, excluding persons immediately associated with or related to the Defendants.

Further information regarding the class action, including a copy of the notice of certification as a class action is available on Class Counsel's website at www.parklaneclassaction.com.

SOURCE: Paliare Roland Rosenberg Rothstein LLP