10:13:42 EDT Mon 01 Jun 2026
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,226,787,360
Close 2026-05-29 C$ 110.62
Market Cap C$ 135,707,217,763
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Globe says music funder FACTOR settles with Scotiabank

2026-06-01 09:03 ET - In the News

The Globe and Mail reports in its Monday edition that non-profit music funder FACTOR has settled its nearly two-year legal dispute with Bank of Nova Scotia over who should be responsible for a $9.8-million heist of taxpayer money from its bank account. The Globe's Josh O'Kane writes that organizations reached a settlement of an undisclosed amount in March. It came two months after Justice William Black of the Ontario Superior Court of Justice said he would seek the arrest of a Quebec man named James Campagna, whom filings show was involved in transactions related to the June, 2024, heist, after declaring him in contempt of court. The existence of the settlement was not disclosed until last week, when The Globe disputed court officials' interpretation of the scope of a sealing order imposed last year, which prevented the matter from being made public. The case is not over and Scotiabank will continue pursuing portions of the litigation against other parties. Meg Symsyk, FACTOR's chief executive officer, declined to share the value of the settlement. The FACTOR heist rocked Canada's music industry at a moment when many musicians are struggling and often depend on grants to record, tour and market their music.

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