Law360 Canada ( July 23, 2021, 5:33 AM EDT) -- Motion by the plaintiffs for approval of the class action settlement agreement, class counsel’s fees, based on a 25 per cent contingency fee retainer, and honoraria to the representative plaintiffs. The 2006 class action about hidden foreign exchange fees on currency conversions in registered accounts settled for $100 million. On liability issues, it was found the BMO defendants were liable to the class over a 10-year period for breach of trust, breach of fiduciary duty and breach of contract. The appropriate remedy was determined to be an accounting and disgorgement of profits. The settlement agreement provided for a speedy, no-claim process that would directly distribute funds to 135,000 class members. Class counsel docketed $5.5 million in unbilled time and $900,000 in disbursements....