‘Freedom Convoy’ donations frozen, could flow to Ottawa residents

The funds donated to the ‘Freedom Convoy’ protest will stay frozen pending the end result of a proposed class-action lawsuit on behalf of Ottawa residents.

The events within the case agreed to switch money and cryptocurrency to an escrow fund which might stop the respondents within the lawsuit from dispersing the funds, court docket heard Monday.

Which means the cash, ought to the lawsuit succeed, may go to Ottawa residents and companies affected by the protest. The amount of cash being transferred was not specified within the listening to.

The proposed class-action lawsuit is looking for $306 million in damages. It contains residents residing in elements of Centretown, the ByWard Market and Sandy Hill.

The decide listening to the case, Superior Court docket of Justice Regional Senior Decide Calum MacLeod, is predicted to formally approve the order later Monday.

The funds will probably be within the arms of an escrow agent—a chapter trustee agency—with the ability to alter passwords for the cryptocurrency accounts.

The lawsuit names convoy organizers in addition to individuals who donated by means of GiveSendGo, the platform of selection for the protest after a GoFundMe account that had raised greater than $10 million was shut down.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *