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Solicitor Client Privilege Claims over Seized Documents D.L. v. Autorité des marchés financiers, 2022 QCCS 2157

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By Sophie Melchers on September 8, 2022

In D.L. v. Autorité des marchés financiers (AMF), the Superior Court of Quebec ruled on solicitor client privilege claims made by D.L. to resist disclosure of documents seized by the AMF at D.L.’s home in the context of…

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US SEC prevented from expanding fraudulent scheme liability

Photo of Kevin J. Harnisch (US)Photo of Sandeep Salva (US)
By Kevin J. Harnisch (US) & Sandeep Salva (US) on August 17, 2022

US SEC prevented from expanding fraudulent scheme liability | United States | Global law firm | Norton Rose Fulbright

Fraudulent Transaction Offence at s. 199.1 Quebec Securities Act : a Mens Rea Offence Autorité des marchés financiers c. Goyette 2022 QCCQ 2872

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By Sophie Melchers on August 8, 2022

In late May 2022, the Court of Quebec Criminal and Penal Division issued its decision in AMF v. Goyette.

It is significant because it is the very first decision deciding that the market manipulation offence set out at section…

What constitutes or not MNPI? Kitmitto (Re), 2022 ONCMT 12

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By Sophie Melchers on August 2, 2022

In late May 2022, in one of the first decisions of the new Ontario Capital Markets Tribunal, the Tribunal issued its decision in Kitmitto (Re), an insider tipping and trading case.  In Kitmitto, Ontario Securities Commission (OSC…

Jurisdiction of Quebec Court in Class Action against Ontario Reporting Issuer on account of Fault Committed in Quebec and Injury Suffered in Quebec

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By Sophie Melchers on August 2, 2022

Representative Plaintiffs Jon-Erik and Nicole Dillon (the Dillons) sought authorization from the Superior Court of Quebec (Court) to bring a class action against Wayland Group Corp (Wayland) under the general civil liability regime in Quebec…

Objective Reliability and Materiality: Wong v Pretium Resources Inc., 2022 ONCA 549

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By David Seevaratnam on August 2, 2022

In this decision the Ontario Court of Appeal upheld Justice Belobaba’s dismissal of a securities class action on a motion for summary judgment on the basis that the defendant issuer had not made a misrepresentation by omission.

The respondent, Pretium…

Cease Trade and Freezing Orders to Stop a Pump and Dump Scheme Autorité des marchés financiers c. Kamaneh, 2022 QCTMF 18

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By Sophie Melchers on June 14, 2022

The facts of this case are simple.

The Quebec securities regulator, the Autorité des marchés financiers (AMF), alleged that between March 2021 and January 2022, Ramy Kamaneh and Mohamed Kada Mesli :

  • participated in a market manipulation /

…

Application of Section 4.3 of the SPPA in Matters Before OSC Hearing Panels

By NRF Digital Team on May 31, 2022

In Canada Cannabis Corporation (Re), 2022 ONSEC 9 the Ontario Securities Commission (OSC) was called upon to decide whether section 4.3 of the Statutory Powers Procedure Act (SPPA) operated to extend the term of office…

US SEC settlement demonstrates the risks to investment advisers of using ESG investment decision-making metrics

Photo of Kevin J. Harnisch (US)Photo of Nicholas Joynson (US)
By Kevin J. Harnisch (US), Celia Cohen & Nicholas Joynson (US) on May 27, 2022

US SEC settlement demonstrates the risks to investment advisers of using ESG investment decision-making metrics | United States | Global law firm | Norton Rose Fulbright

Kennedy v. Akumin Inc. et al, 2022 ONSC 2571: The New Framework for Carriage Fights in Ontario

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By David Seevaratnam on May 17, 2022

The decision of Kennedy v Akumin Inc. et al, 2022 ONSC 2571 resolves a carriage motion pursuant to section 13.1 of the amended Ontario Class Proceedings Act, 1992 (CPA), involving competing class actions (the “Kennedy action” and the “Longair action”)…

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In this blog, litigators from Norton Rose Fulbright offices in both Canada and the United States comment upon domestic developments in securities litigation in both countries and cross border issues. Among other things, we deliver insights on recent securities law decisions, amendments to securities statutes and regulations, securities class actions and cross border developments. We have broad experience and international expertise in these matters and are frequently called upon for advice in high-profile securities litigation, enforcement proceedings and internal investigations. Stay connected with Securities litigation and enforcement and subscribe to the blog today.

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