In Kirk v Executive Flight Centre Fuel Services Ltd., the B.C. Supreme Court certified a class action by local residents who were impacted by…
Target benefit plans – From New Brunswick to Ontario to the UK
In the most recent provincial budget, the Ontario government has signaled its willingness to expand its proposed target benefit framework outside the …
U.S. regulators coordinate enforcement of violations involving the FCPA
While many in Canada lament the ‘fragmented’ financial regulatory environment that is a hallmark of its constitutional division of p…
Not all class action settlements will prevent defendants from being sued again
When a settlement of a class action is achieved and approved by the courts, class action defendants expect that the settlement will be final and they …
Motions to strike miss the mark in dismissing class action claims involving contractual interpretation
Determining whether to bring a motion to strike is often a critical strategic decision at the early stage of a class action. The recent Ontario Court …
OECD releases report confirming non-trial resolutions represent the main mechanism used to combat transnational corruption issues
The seventh annual Global Anti-Corruption and Integrity Forum of the Organisation for Economic Co-operation and Development (OECD) was held in Paris o…
Wells Fargo officials reach $240 million settlement over unauthorized accounts
On February 28, 2019, a $240 million (U.S. dollar) settlement reached between Wells Fargo executives and directors and the bank’s U.S. sharehold…
Supreme Court of Canada addresses “distorting lens” metaphor of appellate review
In Salomon v. Matte‑Thompson, 2019 SCC 14, the Supreme Court of Canada recently addressed, for the first time, the metaphor of the “dis…
Inter-jurisdictional enforcement against cryptocurrency-related financial products
In its first enforcement decision concerning cryptocurrency, the Ontario Securities Commission permanently prohibited USI-Tech Limited from tradi…
Ontario Securities Commission announces first ever whistleblower awards
In a landmark announcement on February 27, 2019, the Ontario Securities Commission said that it had paid out its first-ever whistleblower awards under…
