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Ontario Court of Appeal Addresses Important Questions for Securities Class Action Claims, Overrules Its Prior Decision Enforcing...

In Green v. CIBC, released on February 3, 2014, a specially convened five-judge panel of the Court of Appeal for Ontario addressed important issues for securities class actions across Canada....more

Supreme Court of Canada Modifies Preferability Inquiry in Class Proceedings

In a decision that will affect class proceedings throughout Canada, the Supreme Court of Canada today set out a new approach for the certification of class actions. Specifically, the Supreme Court changed the analysis used to...more

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

Foreign Issuers Take Note: The Expanding Reach of Ontario Securities Law

Yesterday, the Supreme Court of Canada refused to hear an appeal from an Ontario Court of Appeal decision permitting a secondary market liability securities class action to proceed in Ontario against a defendant whose shares...more

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