In the initial lawsuit, The Canadian Financial Wellness Group (CFW Group) alleges that DH Corporation is utilizing CFW Group material for the servicing of the student loan program. The current amendment is based on additional research on how DH Corporation has allegedly used CFW Group’s material.
The CFW Group alleges that DH Corporation is again wrongfully using materials it obtained from the CFW Group. The claim by The CFW Group is that the central concepts and models DH Corporation used to build its customer-focused platform were adopted from the CFW Group, and that these continue to be used by Vista Equity Partners and Finastra, the owners of DH Corporation and – apparently - the current service providers of the Canada Student Loans Program.
DH Corp has also received incentive money paid out by the government of Canada to enhance and make the student loan service a better service. This was public money paid to a now US owned private company, to operate a program that uses materials alleged to have been obtained from the CFW Group.
The Canadian public, especially post-secondary students and student loan borrowers needs to be aware of these legal proceedings. Not only do they involve hundreds of millions of Canadian taxpayer’s dollars, but they demonstrate how a US company is currently profiting from the Canada Student Loans Program, while Canadian students struggle financially.You can view the most recent affidavit and amendment filed with the court, of which includes some of the documents that support the claim HERE.
These documents are copies of the pleadings and the affidavit that have been filed with the Courts by The CFW Group Inc. and the allegations have not yet been proven.