Timely Disclosure

Timely Disclosure

Updates and Commentary on Current issues in M&A, Corporate Finance and Capital Markets

Category Archives: Securities Litigation

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The OSC sharpens its enforcement teeth

Posted in Insider Trading, OSC, Securities Litigation, Securities Regulatory Authorities, Stock Exchanges, TSX
The enforcement efforts of the Ontario Securities Commission (OSC), the regulator that administers and enforces compliance with the provisions of the Securities Act (Ontario) and the Commodity Futures Act (Ontario), have had mixed success— at best. With a mandate to protect investors and ensure fair and efficient capital markets through monitoring compliance and enforcement measures… Continue Reading

Ontario Court of Appeal Loosens Restrictions on Securities Class Actions

Posted in Class Actions, Securities
When the Ontario Court of Appeal speaks, it sets important policy for the securities industry.  On February 3, 2014, the industry was told that class actions claiming damages for secondary market misrepresentations are rendered easier to commence and continue. In Greene v. Canadian Imperial Bank of Commerce, a rarely assembled five‑member Court Bench overturned the… Continue Reading