Ontario Court of Appeal Decides Major Securities Class Actions Case – Changing Effect of Limitation Period and Guiding Future Leave Motions
In a decision released this morning, a specially convened five-judge panel of the Court of Appeal for Ontario provided guidance on issues of importance to securities class actions in Ontario and across Canada.
The Supreme Court of Canada this week released two judgments of interest to Canadian businesses and professions, the first dealing with the scope of the ”unlawful means” required to ground the tort of interference with economic relations and the second addressing the permissable use of a pension surplus.
The Supreme Court of Canada (“SCC”) recently released a unanimous decision authorizing a class action on behalf of retirees against their former employer, relating to announced changes to their supplemental health insurance plan (“Plan”).
As explained in a recent Osler Update, the Supreme Court of Canada’s decision in Hryniak v. Mauldin increases the availability and flexibility of summary judgment motions in Ontario while also increasing the probability that a successful summary judgment motion will finally resolve the dispute.
Competing theories of corporate criminal liability range along a spectrum. The Canadian model is in the middle of the spectrum, based on the concept of “senior officer”.
Yesterday, the Supreme Court of Canada rendered two companion decisions in which it clarified the scope and process of summary judgment motions.
The statistics are in, and 2013 was a troubling year for mergers and acquisitions in the Canadian oil and gas sector, with M&A activity totaling US$10.2 billion, a downfall of almost 80% compared to US$50 billion in 2012.
Saskatchewan Becomes the First Canadian Jurisdiction to Exempt Equity Crowdfunding from Prospectus Requirements
On December 6, 2013, Saskatchewan became the first Canadian jurisdiction to implement Rules that provide a prospectus exemption for equity crowdfunding.
Did the representative plaintiff name some players as defendants, while leaving out others, with no apparent rhyme or reason? Alberta courts have recently refused certification partly on this basis.