VÍTIMAS DE SYNDICATED MORTGAGE INVESTMENTS
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Class Action Law Suits
Current Proposed Class Action Law Suits & Settlements
Lawyers Mitchell Wine, of MSTW Professional Corporation and Margaret Waddell of Sotos joined forces in prosecuting five proposed class actions relating to syndicated mortgage loans (SMLs) promoted by Fortress Real Developments Inc. and Fortress Real Capital Inc.
Five proposed class actions pertain to the following developments:
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Collier Centre – (2012 syndicated mortgage loan only)
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Progress Manors Ten88
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Sutton/The Link
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Harmony Village Lake Simcoe/The Kemp
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Orchard Calgary – only in respect of the charge registered as Registration No. 141 112 373.
Details of the proposed class actions, as well as statements of claims, and settlements can be found on the Sotos website. (search Fortress).
Partial Settlements
There have been 5 settlements thus far. Please refer to the Sotos website, or the FAAN website for details.
https://www.faanmortgageadmin.com/fortress/english
How can I get my
money back?
Many investors have asked us how they can get their money back. We have carefully looked at various avenues for recovery.
Other Class Action Pursuits
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An investigation team comprised of a lawyer, researcher and a forensic accountant had worked diligently with the help of Rose Ray , to create a report that would be used to highlight potential law suits pertaining to Fortress. A potential Class action lawsuit against Lamb Development Corp was filed, however unfortunately the law firm Groia advised they were unable to pursue the lawsuit further. Archived communications regarding this endeavour can be found here.
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Another law firm, Kallochlian Myers LLP filed a Statement of Claim in 2020 against Olympia Trust Company for the registered funds investors. However, on June 19, 2023, the Court of Appeal for Ontario has dismissed the appeal of the order dismissing the motion for certification. A copy of the decision is available here.
If you are an investor who has approached a law firm regarding a class action law suit against other Fortress related parties not mentioned on our website, please let us know.
Processos judiciais de ação coletiva
Uma equipe de investigação composto of um advogado, pesquisador e um contador forense trabalharam diligentemente com a ajuda de Rose Ray, para criar um relatório que seria usado para destacar possíveis processos judiciais relativos à Fortaleza. Um potencial processo de ação coletiva contra Brad J Lamb Realty Inc./Lamb Development Corp foi aberto, mas, infelizmente, o escritório de advocacia Groia decidiu que não poderia prosseguir com o processo. Comunicações arquivadas sobre este empreendimento podem ser encontradasaqui. Se você é um investidor que abordou um escritório de advocacia em relação a uma ação coletiva contra outras partes relacionadas ao Fortress não mencionadas em nosso site, informe-nos.
Até onde sabemos, existem atualmente 2 equipes de escritórios de advocacia que buscam ações judiciais coletivas que podem beneficiar alguns dos investidores de hipotecas sindicalizadas do Fortress RDI. Os detalhes estão abaixo.