The Ontario Court of Appeal in Mardonet v. BPO Canada LLP determined that a motions judge’s order quashing a summons to a party is interlocutory, even…
Feds Release Revised Draft of Legislation to Curtail Systemic Risk in Capital Markets
In the latest step toward establishing the Cooperative Capital Markets Regulatory Authority, the Department of Finance Canada has released a revised d…
Ontario Superior Court Dismisses Intervention Motion in Respect of Distribution of Approved Settlement
In his April 21, 2016 decision in Parsons v. The Canadian Red Cross Society, Justice Perrell of the Ontario Superior Court refused to allow an interve…
Whistleblower Incentive Programs Continue to Gain Traction as the U.S. CFTC Announces $10-million Payout
With the Ontario Securities Commission’s new incentive-based whistleblower program now on the horizon, recent awards under comparable whistleblower pr…
Carbon Copy Class Actions Stayed for Abuse of Process
On March 14, 2016, the decision Hafichuk-Walkin v. BCE was rendered by the Manitoba Court of Appeal, dismissing the appeal, thereby confirming the mot…
Ontario Court Confirms Threshold for Leave for Secondary Market Securities Class Actions
In its recent decision in Bradley v Eastern Platinum Ltd., 2016 ONSC 1903, the Ontario Superior Court of Justice denied leave to commence a secondary …
British Columbia Case Demonstrates the Jurisdictional Reach of Provincial Securities Regulators
A recent case from the British Columbia Court of Appeal is illustrative of the power of provincial securities regulators to penalize misconduct in cir…
AE Hospitality Ltd v George: Requirements of Test for Leave to Appeal Under Rule 62.02(4)
AE Hospitality Ltd v George, 2015 ONSC 7370 dealt with the test for granting leave to appeal under Rule 62.02(4) of the Ontario Rules of Civil Procedu…
Court of Appeal Confirms Class Action Contract Claims can be Decided on Summary Judgment
On April 4, 2016, the Ontario Court of Appeal granted summary judgment in Sankar v Bell Mobility Inc., dismissing a certified class action against Bel…
US Department of Justice Launches Pilot Program to Encourage Self-Reporting, Cooperation and Remediation of FCPA Violations
Last week the US Department of Justice (DOJ) announced the implementation of a pilot program under the US Foreign Corrupt Practices Act (FCPA). The pi…
