Shawn Irving Shawn Irving

Ontario Superior Court dismisses $4.5B negligence claim against TD Bank related to fraudulent Ponzi scheme

Osler’s Shawn Irving, Frédéric Plamondon and Sarah Firestone comment in their latest blog post on the Ontario Superior Court of...

A New Path Forward: Exploring the Recent Amendments to Ontario’s Class Action Legislation

For the first time since the Class Proceedings Act came into force, the Ontario legislature has made significant changes that have the potential to...

Evolving capital markets regulatory enforcement

Even prior to the impacts of COVID-19, change was on the horizon for capital markets enforcement in 2020.

Ninth Circuit holds that whistleblower allegations qualify as corrective disclosure in securities class action

In re Bofl Holding, Inc. Securities Litigation, a decision released on October 8, 2020, the U.S. Court of Appeals for the Ninth Circuit (the...

Supreme Court of Canada releases reasons for its decision in Bluberi: Improper purpose and litigation funding in CCAA proceedings

On May 8, 2020, the Supreme Court of Canada released its written reasons in 9354-9186 Québec Inc. v. Callidus Capital Corp.

Bankruptcy discharge not an option for securities law violators B.C. Court rules

On April 15, 2020, the British Columbia Supreme Court denied an application by a married couple previously found to have contravened B.C. securities...

Déjà vu all over again: SEC lays fraud charges against former Portus co-founder Boaz Manor

Boaz Manor – the co-founder of the failed investment manager Portus Alternative Asset Management Inc. (“Portus”) – finds...

Key developments in capital markets regulatory and white-collar defence

The year was marked by regulatory, legislative and political activity that significantly impacted the white-collar and capital markets regulatory...