On May 28, 2018, and after the issue had been reported in the media, CIBC announced that in early 2018, cybercriminals accessed the personal information of approximately 10,000 users of its Simplii Financial services.
This personal information included users’ names, dates of birth, social insurance numbers, bank account numbers, credit and debit card numbers, and other important identifying information. In some instances, this personal information was made public; it is not known at this time what use has been made of this stolen personal information.
Jeff Bannister - represented by Siskinds LLP, Sotos LLP and Jensen Shawa Solomon Duguid Hawkes LLP - commenced a proposed class action against CIBC, in Ontario, on behalf of all clients of Simplii Financial whose personal information was accessed in the early 2018 event. The Statement of Claim alleges that CIBC breached contractual and statutory obligations it owed to class members.
The opt-out deadline for this class action has now passed.
April 20, 2021: The Ontario Superior Court of Justice approved the settlement with CIBC. The Court’s reasons can be found here.
What Happens Next?
(May 3, 2021) - Please check this page for updates on timing of distribution of the settlement funds, which is estimated to take place within approximately six months. You will hear directly from the bank about payments.
Speaking to JSS Barristers
If you would like to speak to our office, please give us a call. Our paralegal will answer your questions regarding this proposed class action at no cost to you. If you wish to speak to a lawyer, they can refer your inquiry further.
Affected persons are encouraged to contact:
JSS Barristers LLP