Ontario’s top court overturns securities class action judgment against Danier Leather
December 15th, 2005 | By Kenneth Dekker | Posted in Commercial Litigation, Securities Litigation
In a unanimous decision written by Laskin JA and released late yesterday, the Ontario Court of Appeal overturned Canada’s first-ever class action judgment in favour of investors arising from misrepresentations by a corporation prior to its initial public offering (“IPO”).
In a unanimous decision written by Laskin JA and released late yesterday, the Ontario Court of Appeal overturned Canada’s first-ever class action judgment in favour of investors arising from misrepresentations by a corporation prior to its initial public offering (“IPO”).

