A “Reasonable Possibility” According to the Supreme Court of Canada – Dismissing Prior Authorization of Secondary Market Proposed Class Action

A “Reasonable Possibility” According to the Supreme Court of Canada – Dismissing Prior Authorization of Secondary Market Proposed Class Action

On April 17, 2015, the Supreme Court of Canada allowed the appeal of Theratechnologies Inc. and reversed the Quebec Court of Appeal’s decision, granting prior authorization of a secondary market proposed class action under s. 225.4 of the Quebec Securities Act (QSA).