Wal-Mart Stores Inc. announced in a November 16, 2017 filing with the U.S. Securities and Exchange Commission (“SEC”) that it has set asid…
Court says no jurisdiction over foreign bank and awards $1 million in costs in “entrepreneurial” securities class action
In Yip v. HSBC Holdings plc, the Ontario Superior Court of Justice held that it lacked jurisdiction over HSBC – a foreign iss…
The long arm of the law: Multilateral enforcement effort leads to deferred prosecution agreement for Telia
On September 21, 2017 Swedish telecoms company Telia Co. AB agreed to pay $548.6 million in penalties as part of a
The limits of class actions: Systemic negligence claim is unmanageable
Promoting access to justice is one of the primary objectives of class actions. However, sometimes a class action sacrifices justice and would deny red…
AMF to take closer look at registrants’ business relationships
The Autorité des marchés financiers (“AMF"), in seeking to bolster its role as a local regulator and better support the in…
United States v. Allen: Second Circuit’s decision has cross-border ramifications for compelled evidence
The United States Court of Appeals for the Second Circuit has refused to re-hear its decision in United States v. Allen, which ruled that it …
Ontario Court of Appeal reaffirms importance of procedural fairness
In Levac v. James, 2017 ONCA 842, the Ontario Court of …
Ontario considering overtime and hours of work rules for “IT professionals”
The Government of Ontario is looking at dropping a wide range of overtime and hours of work exemptions, including the exemption that now exclude…
Consumer class actions: The polyurethane foam settlement
In consumer class action settlements, it is quite common for the defendant to pay a fixed amount to a settlement fund, and the class plaintiffs to ove…
Young v Noble: Newfoundland and Labrador Court of Appeal clarifies powers of a provincial appeal court to grant leave to appeal to the Supreme Court of Canada
In Young v. Noble, 2017 NLCA 48, the Newfoundland and Labrador Court of Appeal clarified the significant, but rarely exercised, power of a pr…
