Craig Lockwood

Craig has extensive experience in class proceedings, product liability matters, securities regulation, commercial banking litigation and commercial arbitrations.

Craig has appeared at all levels of the Ontario, Québec, British Columbia and New Brunswick courts, and, on multiple occasions, before the Supreme Court of Canada. Craig is a leader in our litigation group, having worked on some of the largest class action proceedings in Canadian history.

Craig is currently a Director of The Advocates Society, and a former member of the Ontario Securities Commission's Securities Proceedings Advisory Committee. He is a key contact for the Osler Product Liability Group and the Class Actions Group, and is a former Chair of Osler’s Student Committee.

Craig is recognized as a leading litigation and alternative dispute resolution practitioner by Chambers, Lexpert, Benchmark Litigation and Best Lawyers (Canada). In 2023, he was named “Lawyer of the Year (Class Actions)” by Best Lawyers (Canada).


Representative Work

  • Represented Wheaton Precious Metals Corp. before Ontario Superior Court of Justice in its successful defence of a proposed national securities class action seeking tens of millions in damages for alleged public misrepresentations relating to its tax filings
  • City of Toronto in connection with Union Station Litigation
  • Just Energy Group Inc. in connection with its $1.1 billion recapitalization transaction
  • Represented TransUnion in defence of a proposed national privacy class action relating to a data breach
  • Trial counsel in the largest class action in Canadian history, in the context of companion product liability common issue trials
  • Represents a group of pharmaceutical manufacturers in the defence of multiple class actions commenced across the country in respect of opioid products, including a novel statutory action commenced on behalf of the provincial governments
  • Participated in a special committee investigation of a major publicly traded company in response to proceedings commenced by domestic and international securities regulators
  • Represented KRIM Biopharma Inc., as well as its directors, with respect to the defence of a breach of contract and oppression claim brought by Stiefel Laboratories, Inc. in the Ontario Superior Court seeking $200 million in damages
  • Represented a Canadian commercial bank in the context of national class proceedings brought in respect of credit card fees
  • Represented a Canadian financial institution in the context of a commercial lending dispute
  • Represented an international pharmaceutical company in respect of a product liability class proceeding
  • Appeared before the Ontario Securities Commission in the context of various shareholder disputes
  • Represented a Canadian commercial bank in the context of multi-jurisdictional litigation relating to allegations of investment fraud
  • Appeared before the Supreme Court of Canada on behalf of a major Canadian pension fund in respect of a pension surplus representative proceeding
  • Intervened at the Supreme Court of Canada on behalf of the Canadian Bar Association in the Blood Tribe appeal
  • Represented publicly-traded Canadian companies with respect to regulatory investigations pertaining to option grants

Latest Insights

  • Osler Update Jun 27, 2024

    B.C.’s forever litigation: first tobacco, then opioids, now ‘forever chemicals’

    On June 21, 2024, the B.C. government filed a proposed national class action in the Supreme Court of British Columbia against manufacturers of...

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    B.C.’s forever litigation: first tobacco, then opioids, now ‘forever chemicals’
  • Report May 7, 2024

    Privacy Jurisprudence Review

    Osler's semi-annual Privacy Jurisprudence Review is intended to help busy in-house counsel, Chief Privacy Officers and compliance professionals...

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    Privacy Jurisprudence Review
  • Osler Update May 31, 2023

    Ontario Court of Appeal provides guidance on the meaning of ‘material change’ under the Securities Act

    What constitutes a “material change” requiring disclosure under the Ontario Securities Act? Two companion decisions from the Ontario Court of...

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    Ontario Court of Appeal provides guidance on the meaning of ‘material change’ under the Securities Act
  • Webinar May 24, 2023

    AccessPrivacy Monthly Call: Data Litigation Roundtable: highlights from recent jurisprudence in the privacy sphere

    The webinar provides privacy professionals with a unique opportunity to stay current in the rapidly-evolving field of privacy and data governance...

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    AccessPrivacy Monthly Call: Data Litigation Roundtable: highlights from recent jurisprudence in the privacy sphere
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Awards and Recognition

  • Chambers Canada: Canada’s Leading Lawyers for Business: Recognized in Litigation: Products Liability; Litigation: Securities (Ontario)
  • The Canadian Legal Lexpert Directory: Recognized in Class Actions; Litigation – Corporate Commercial
  • Best Lawyers in Canada: Recognized in Class Action Litigation; Product Liability Law; Corporate and Commercial Litigation; “Lawyer of the Year”, Class Action Litigation Law (2023)
  • Benchmark Litigation Canada: Recognized in Arbitration; Dispute Resolution; Product Liability and Recall (Litigation star)

Media Mentions

  • Osler News Apr 22, 2024

    Six Osler lawyers recognized by Who’s Who Legal Life Sciences — Canada

    Osler congratulations the six members of the firm who have earned the “Recommended” rating from Who’s Who Legal (WWL) Life Sciences — Canada.

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    Six Osler lawyers recognized by Who’s Who Legal Life Sciences — Canada
  • Media Mentions Jan 19, 2024

    Top 10 business decisions of 2023 – Law360 Canada

    Last year, in two sister cases, the Ontario Court of Appeal set out a two-step analysis to determine the meaning of “material change” within the...

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  • Osler News Nov 23, 2023

    23 Osler lawyers recognized in Lexpert Special Edition: Litigation 2023

    23 Osler lawyers featured in the Lexpert Special Edition: Litigation 2023.

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  • Media Mentions Jun 14, 2023

    Ont. CA clarifies determination of ‘material change’ and ‘material fact’ under Securities Act – The Law Times

    In May 2023, the Ontario Court of Appeal released decisions for Peters v. SNC-Lavalin Group Inc. and Markowich v. Lundin Mining Corporation that...

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Community Involvement

  • Pro Bono Law Ontario, Appeals Assistance Program
  • Certified Advocates’ Society Instructor

Speaking and Writing

Speaking Engagements

speaker 24/5/2023
AccessPrivacy Monthly Call: Data Litigation Roundtable: highlights from recent jurisprudence in the privacy sphere
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speaker 15/12/2020
1688782 Ontario Inc. v. Maple Leaf Foods Inc.: Implications for Product Liability and Franchise Law
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speaker 26/11/2020
Understanding Fraser v Canada. Impacts and Risks for Pension Administrators and Employers Across Canada
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speaker 05/9/2019
Disputes 101 for Start-ups
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Published Work

  • Director & Officer Liability: Common Law Liability and the Oppression Remedy, Commercial Litigation and Arbitration Review, Vol. 5, No. 2, cited as C.L.A.R., May, 2016.
  • Defamation and the Internet: Baglow v. Smith, Osler Insights, June 20, 2012.
  • Re-Arranging the Arrangement Landscape:The Implications of Re Magna International Inc. (C. Lockwood and L. Tomasich), Canadian Bar Review, Vol. 89, No. 3 (2011).
  • The Derivative Action: The Evolving Test for Leave and the Role of Business Judgment, Canadian Institute Securities Litigation Conference, April 20-21, 2009 (co-authored with Chris Naudie and Denise Sayer).
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  • Waiver of Tort: Its Place in Class Proceedings, The Canadian Institute’s Forum on Product Liability and Recalls, May 28, 2008 (co-authored with A. Gatti).
  • Increasing Risks For Directors, Officers and Auditors: Avoiding Liability in Today’s World of Accountability, The Canadian Institute’s 4th Annual Advanced Forum on Securities Litigation, November, 2004 (with David S. Morritt).
  • Contributing Editor of the Commercial Litigation Journal (Federated Press).
  • Bullen & Leake & Jacob’s Canadian Precedents on Pleadings (2nd Edition), “Corporate Pleadings” (w/ L. Lowenstein and R. Carson).

Credentials

Education

  • University of Cambridge, LL.M.
  • University of Toronto, J.D.

Languages

  • English

Professional Affiliations

  • Canadian Bar Association
  • Law Society of Ontario
  • Advocates’ Society
  • The Defense Research Institute (DRI)
  • Ontario Securities Commission's Securities Proceedings Advisory Committee