Lang Michener - Securities Brief - Winter 2007/2008

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IN THIS ISSUE:

Charlotte Morganti and Peter Wells review the recent Supreme Court of Canada ruling in Danier Leather from the perspective of both a securities soliciter and litigator, and its impact on class action lawsuits and the business judgment rule in the context of disclosure obligations.

Cory Kent provides an update on the B.C. Securities Commission's recent crack down on abusive practices of B.C. over-the-counter issuers.

There are several noteworthy amendments highlighted in Law Notes, including amendments to continuous disclosure obligations, a request for comments by the TSX on security holder approval for acquisitions and a request for comment by the B.C. Securities Commission on Proposed Instruments 51-509 Relating to OTC Issuers.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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