Court of Appeal Smokes Rescission Finding in Grow-Op Case
The Court of Appeal for Ontario recently rejected a home buyer’s attempt to rescind a real estate deal on the grounds that the house in question had previously been used as a marijuana grow-op. In Beatty v. Wei, the parties entered into an agreement of purchase and sale (“APS”) in May 2016 for a residential property in Toronto. The purchase price was $916,000 and was secured by a $30,000 deposit. An earlier version of the APS proposed by the purchaser included a home inspection clause, but ultimately that clause was deleted in the final version signed by the parties. The ... [more] Full article
Last Call for TELUS: Canada’s Highest Court to Hear Appeal on Scope of Class Action
The Supreme Court of Canada has agreed to hear an appeal from TELUS Communications Inc. (“TELUS”) in a class action that alleges that TELUS overcharged customers by rounding up calls ... [more] Full article
Ignorance Is Not Bliss: Market Registrants Beware
A market registrant’s lack of actual knowledge of the source of tip or their tipper’s relationship to an issuer will not protect them from liability under the Securities Act, according ... [more] Full article
Supreme Court of Canada refuses to hear global auditor class action certification appeal
On June 8, 2017, the Supreme Court of Canada denied leave to appeal from a decision of the Ontario Court of Appeal in Excalibur Special Opportunities LP v. Schwartz Levitsky ... [more] Full article