A.OK Payday Loans

UPDATED Feb 29, 2008

For further information: e-mail: aok@classcounsel.ca

• Notice to Class Members
• Certification Order (dated October 6, 2005)
• Statement of Claim
• Statement of Defence and Counterclaim of A.OK Payday Loans

On February 25, 2004, a proposed class proceeding was filed in the Supreme Court of British Columbia, which alleges that A OK Payday Loans has charged payday loan fees in contravention of the Criminal Code. This action seeks to recover monies A OK Payday Loans collected in excess of the maximum amount permitted under the Criminal Code on behalf of all persons resident in British Columbia who paid those fees.

On October 6, 2005, the Honourable Madam Justice Brown of the B.C. Supreme Court certified the action as a Class Proceeding and appointed Ms. Kilroy as the representative of the Class. This decision is not a determination of the merits of the action and A OK Payday Loans is defending the action and denies the allegations made.

On April 6, 2006, a trial was held to determine the common issues. In Reasons for Judgment released August 9, 2006, Madam Justice Brown held that A OK Payday Loans had charged and collected payday loan fees in contravention of the Criminal Code and had been unjustly enriched at the expense of the Class members. Madam Justice Brown’s decision was affirmed by the British Columbia Court of Appeal, in Reasons for Judgment released April 25, 2007.