securities act

Superior Court refuses leave to securities class action based on the difference between “Material Facts” and “Material Changes”

Jeremy Brodeur, Articling Student
Affleck Greene McMurtry LLP September 29th, 2022

In a recent decision declining to grant leave under Part XXIII.1 of the Securities Act to proceed with a proposed class action on behalf of purchasers of securities on the ... [more] Full article

Ontario’s top court reinstates securities class action against Cannabis company

Kenneth A. Dekker
Affleck Greene McMurtry LLP September 26th, 2022

In Reasons released on September 26 in Badeesha v. Cronos Group Inc., the Court of Appeal for Ontario unanimously overturned a decision refusing to grant leave to proceed with a ... [more] Full article

Superior Court sentences trader to six months incarceration for trading in Promissory Notes despite securities trading ban

Jacob Millar
Affleck Greene McMurtry LLP December 4th, 2018

On September 26th, Justice Charney of the Ontario Superior Court of Justice released his sentencing decision. This sentencing followed an appellate decision by Justice Charney from May, 15th, 2018 in which Tiffin was convicted of trading in securities without registration and while prohibited as well as distributing securities without a prospectus. [more] Full article

Proposed shareholder class action stayed due to lack of jurisdiction

Kenneth A. Dekker
Affleck Greene McMurtry LLP November 28th, 2017

A proposed shareholder class action against HSBC Holdings plc was recently stopped in its tracks by the Ontario Superior Court due to a lack of jurisdiction. The plaintiff, Wai Kan ... [more] Full article