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] Full article
Fiduciary Duty for advisors not created by “Best Interest” standard alone
The Ontario Divisional Court recently confirmed the dismissal of a certification motion against an investment dealer and two individual advisors for breach of fiduciary duty. In Boal v. International Capital ... [more] Full article
Dirty Diesel: The Challenge of Isolating Compensable Losses in a Motion for Certification
In 2015, the Environmental Protection Agency of the United States (EPA) made waves when it determined that millions of Volkswagen “clean diesel” cars sold worldwide were cheating government emissions tests. ... [more] Full article
Ontario Superior Court of Justice Clarifies when Individual Claims Can Be Maintained Alongside a Pending Class Action
A recent ruling of the Ontario Superior Court of Justice provides clarification about when an individual action should be allowed to continue, despite the presence of pending class actions that ... [more] Full article