Not Satisfied with Its 5th Place Finish in the American Tort Reform Foundation Judicial Hellholes® Listing, Illinois Makes a Push for Number One

Not Satisfied with Its 5th Place Finish in the American Tort Reform Foundation Judicial Hellholes® Listing, Illinois Makes a Push for Number One

Ben Franklin famously warned that “you may delay, but time will not, and lost time is never found again.” These words of wisdom appear to be lost on the Illinois state legislature, which recently abolished the ten-year statute of repose for personal injury claims related to asbestos exposure under 735 ILCS 5/13-214.

Three Big Developments for Canadian Class Action Defendants

Three Big Developments for Canadian Class Action Defendants

2014 was a significant year for securities class actions in Ontario, beginning with the Court of Appeal’s leading decision in Green v. CIBC (“Green”) in February 2014, and continuing through the Court of Appeal’s recent decision in Bayens v. Kinross Gold Corporation (“Bayens”), released on December 17, 2014.  There were three noteworthy developments of interest for defendants.