Michael Beeforth

Michael Beeforth

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UPDATE: Zungui Class Action Settlements Against Remaining Defendants Approved By Court

On August 27, 2013, Justice Perell released his decision (2013 ONSC 5490) approving three settlements valued at $10.85 million, bringing the class action against Zungui Haixi Corp. (“Zungui”) and others to a close. Under the...more

9/24/2013 - Canada Class Action Investors Settlement Shareholder Litigation

Class Action Decision Considers Secondary Market Misrepresentation Actions

On July 25, 2013, Justice Belobaba of the Ontario Superior Court of Justice released his decision (2013 ONSC 4083) certifying a proposed class action brought by the Ironworkers Ontario Pension Fund against Manulife Financial...more

8/29/2013 - C-Suite Executives Canada Class Action Misrepresentation Ontario Securities Act

Court Affirms Standard Of Review For Decisions Of Securities Commissions Is Reasonableness

The Appellants, Sanji Sawh and Vlad Trkulja, who were both mutual fund dealers and exempt market dealers, founded Investment House of Canada (“IHOC”) in 2003....more

8/22/2013 - Canada Mutual Funds

UPDATE: Proposed Class Action Based On Offering Document Misrepresentations Certified For Purposes Of Settlement

On May 21, 2013, Perell J. certified a proposed class action against certain defendants in Zaniewicz v. Zungui Haixi Corp. based on misrepresentations in Zungui’s IPO offering documents and other disclosure documents,...more

8/14/2013 - Audits Canada Class Action Documentation IPO Misrepresentation Offers Ontario Securities Act Ontario Securities Commission Settlement

Class Proceeding Against Investment Advisor, Firm And Trustee Certified At The Expense Of Individualized Causes Of Action

Verbeek was an investment advisor and, at some relevant times, a registered representative of the defendant Dundee Securities Corporation (“Dundee”). According to the plaintiffs’ allegations, between August 1998 and June...more

8/2/2013 - Breach of Duty Canada Class Action Class Certification Fiduciary Duty Fraud Investment Adviser Retirement

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