Class action securities claims are a perennially interesting topic for attorneys and companies around the world and across industries. To learn more on the recent Canadian experience in class action securities claims, click here http://www.insurereinsurevideos.com/ for a video presentation by EAPD's Mary-Pat Cormier presenting her paper on International Public Company D&O: Status & Trends - Canada. Securities class action claims are new to Canada. The recent addition of provisions in certain provinces' Securities Acts has created the ability of plaintiffs to file class actions for continuous disclosure obligations in connection with publicly traded securities. These statutory changes, coupled with recent Canadian decisions interpreting these new laws, including Silver v. IMAX Corp., Green v. CIBC, and McKenna v. Gammon Gold, Inc., serve as a wake-up call for Canadian companies that trade on any Canadian or U.S. stock exchange. This presentation provides details on the types of claims that these companies are now facing in the wake of these changes, including the shift of allegations in securities class action filings over the past few years.
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International Public Company D&O: Status & Trends - Canada
- Edwards Wildman Palmer LLP
- Brian Green, Victoria Anderson, Jeanne Kohler and M Machua Millett
- Canada
- April 14 2010
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Ting Sim
Legal Counsel
Shell Eastern Petroleum