Ontario’s top court reinstates securities class action against Cannabis company
In Reasons released on September 26 in Badeesha v. Cronos Group Inc., the Court of Appeal for Ontario unanimously overturned a decision refusing to grant leave to proceed with a misrepresentation class action against a cannabis company under Part XXIII.1 of the Securities Act. In doing so, the Court of Appeal found that the Superior Court judge below had erred in characterizing the proposed class action as involving 7,449 misrepresentations and in requiring the plaintiff to show that each of these separate misrepresentations materially contributed to a loss in share price during the relevant period in order to obtain leave ... [more]
The Private Competition Enforcement Review, 15th Edition
Affleck Greene McMurtry lawyers David Vaillancourt, and Michael Binetti were co-authors of the Canada Chapter of the 15th edition of The Private Competition Enforcement Review. Reproduced with permission from Law Business Research Ltd. [more]
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