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by Mike Caswell

Vancouver brokerage Odlum Brown Ltd. is facing a lawsuit in the Supreme Court of British Columbia from the estate of a deceased West Vancouver man, claiming that the firm allowed money to be improperly removed from the man's accounts. According to the suit, Odlum Brown should have realized that the man "lacked capacity" at times and was vulnerable to financial exploitation. Despite that, Odlum Brown allowed the man's second wife to remove $590,000 from his accounts, the suit claims.

The allegations are contained in a notice of claim filed at the Vancouver courthouse on June 30, 2026, on behalf of the estate of Malcolm Nicholson, who died on Dec. 9, 2022. The person behind the lawsuit is Mr. Nicholson's son, Anthony, who was named as one of the executors of the estate. In addition to Odlum Brown, the suit names as a defendant one of the firm's employees, Shelly Appleton-Benko.

The dispute arises from accounts that Ms. Appleton-Benko had been managing for Mr. Nicholson going back to 1993. According to the suit, Mr. Nicholson was diagnosed with Alzheimer's disease in 2014, at the age of 84, and his cognitive functions began to deteriorate. Around the same time, he took steps to ensure his estate would be distributed according to his wishes, the suit states.

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