In 1992, an amendment under the Law Society Act established the Class Proceedings Fund and the Class Proceedings Committee.
The Class Proceedings Fund:
- Provides financial support to approved class action plaintiffs for legal disbursements
- Indemnifies plaintiffs for costs that may be awarded against them in funded proceedings
This support enables individuals to use the law to improve their lives and the lives of many others. Without it, potential class action plaintiffs could be discouraged from pursuing their claims. This is because the personal benefit to them might be quite small and they would risk exposure to significant costs awards against them if the lawsuit is unsuccessful.
Class Proceedings Fund webpages
If a case is awarded funding, a levy in favour of the Class Proceedings Fund (the “Fund”) is payable after the case is either settled or adjudicated in favour of the class. Regulation 771/92 sets out the way in which the Fund’s levy is calculated.