Allied Nevada plaintiffs denied leave to advance Securities Act claims against underwriters
In a recent decision, Ontario Superior Court Justice Edward P. Belobaba found that two investment dealers are not experts under the Ontario Securities Act – and they couldn’t be happier about it. In particular, it has been clarified that underwriters are not “experts” and therefore not proper targets for shareholder misrepresentation claims under Part XXIII.1 of the Securities Act that provides for liability for misrepresentations to investors on the secondary market. In July and August 2014, gold mining company Allied Nevada and two of its executives were sued in the Ontario Superior Court by several investors in a proposed class ... [more]
Google: a Tale of Two Continents
Top Up or Give Up: Prepaid Phone Card Class Action Dismissed
Continuing breach results in rolling limitation period
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