A B.C. Supreme Court judge says a well-known financial critic can’t give expert evidence in a $1.3-billion class action lawsuit against TD Bank’s asset management firm because of his alleged bias against big Canadian banks.
In a decision released this week, Justice Gordon Funt acknowledged it’s “quite rare” to rule a proposed expert’s evidence inadmissible.
But he concluded that Larry Bates — author of Beat the Bank: The Canadian Guide to Simply Successful Investing — has a cause, or “philosophical hostility,” that renders him unable to be fair and objective in relation to an ongoing claim against TD Asset Management.
“I find that Mr. L.
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