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Securities Litigation

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  • Key Contacts
  • Select Experience
  • Recent Recognition
  • Insights, News & Events
  • Related Services
  • Download PDF
  • Select Experience
  • Recent Recognition
  • Insights, News & Events
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Public companies must actively manage and resolve issues to achieve business objectives. Litigation for public companies increases in complexity as issues cross international borders and legal disciplines. Counsel need to understand all dimensions of the regulatory, civil and criminal liability issues in order to develop a creative and coordinated approach to obtaining an optimal result.

Our securities litigation counsel have extensive experience in securities litigation, enforcement and regulatory proceedings, class actions and corporate disputes for public companies, and their boards of directors and special committees. We have national experience advocating for clients at all levels of courts and before securities regulatory tribunals in all significant Canadian capital markets.

As experienced trial lawyers in securities litigation matters who know the litigation and regulatory processes, we work with our clients to understand their business objectives and to develop a cost effective strategic plan to achieve the desired business results.

We advise on proactive measures to avoid regulatory issues and litigation, including the conduct of regulatory audits and the institution of best practices. We also assist our clients to respond efficiently and effectively to regulatory issues and contested disputes when they arise.

We assist our clients across a broad variety of issues such as stock option dating, insider trading, antitrust matters and allegations of corporate wrongdoing.

Key Contacts

  • Pascale  Dionne-Bourassa Pascale Dionne-Bourassa, Montréal Managing Partner
  • Peter  Dunne Peter Dunne, Partner
  • Robert W. Staley Robert W. Staley, Vice Chair and Partner
  • Related Lawyers

Select Experience

Victoria Gold Corp., in its settlement of a securities class action alleging shareholders were misled by the company's disclosure documents regarding mine operations, volume of production and costs of production at its Eagle mine
Executive of CannTrust in defence of a multi-jurisdictional class action alleging that CannTrust and its officers and directors made misrepresentations by issuing documents, public statements, and prospectuses, which represented that CannTrust materially complied with all laws, regulations, licenses and permits, and failed to make timely disclosure of unlicensed cultivation discovered by a Health Canada audit
Canada Nickel Company and one of its directors in defending an action alleging that a number of defendants were part of a conspiracy involving bad faith and fraud that resulted in the plaintiff losing its status as a putative joint venture shareholder
Katanga Mining Limited in defence of a proposed representative action on behalf of minority shareholders for alleged oppression in relation to Katanga's $7.6-billion rights offering and go-private transaction
Apotex in two class actions in British Columbia related to pharmaceutical products, including losartan and amitriptyline
Tetra Tech Inc., in defence of a securities class action claim alleging misrepresentation relating to mineral resource and reserve estimates at a mine and processing facility in Mexico owned by Gatos Silver, Inc.
Canopy Growth Corporation in Ontario Securities Commission enforcement proceedings against Cormark Securities Inc. and others
A leading cryptocurrency exchange, in its defence of a novel class action alleging violations of the Ontario Securities Act in relation to cryptocurrency products
The Corporate Governance Committee of Rogers Communications Inc. in the examination, investigation and reporting of various governance issues
The Ad Hoc Committee of Unsecured Debtholders in the US$4-billion recapitalization of Concordia International Corp
Former auditor of Buckingham Securities in its successful defence of an auditor negligence class action, including before the Ontario Court of Appeal
Volkswagen AG, in a securities class action commenced on behalf of Ontario purchasers of Volkswagen securities, in which the plaintiffs are seeking damages as a result of alleged misrepresentations in Volkswagen’s public disclosures pertaining to NO2 emissions
Canso Investment Counsel Ltd., the largest first lien debtholder, in the $600-million recapitalization of Postmedia Network Inc. ("PNI") pursuant to the Canada Business Corporations Act, including significant amendments to PNI's outstanding 8.25% senior secured notes (the "First Lien Notes") and the paydown of approximately $78 million of the First Lien Notes
The Special Committee of Central GoldTrust, in Sprott Asset Management's $1-billion hostile takeover bid for all the outstanding Units of Central GoldTrust
SFC Litigation Trust, in a successful 15-week trial against the former CEO of Sino-Forest Corporation, resulting in a judgment in fraud and breach of fiduciary duty of US$2.6 billion
The Special Committee of Silver Bullion Trust, in Sprott Asset Management's $62-million hostile takeover bid for all the outstanding Units of Silver Bullion Trust
PricewaterhouseCoopers Inc., as Monitor of Poseidon Concepts Corp. in its cross-border Companies Creditors' Arrangement Act proceedings, including in its Court sanctioned role of taking proceedings against Poseidon's directors and auditors to recover additional funds for the estate
Mubadala Development Company, in its acquisition of all of Global Alumina Corporation's interest in Guinea Alumina Corporation
Zahmol Properties v. City of Calgary, 2012 AB C.A. 89 (AB C.A. – Expropriation)
Paramount Energy Trust, in a decision made by a panel of the Alberta Securities Commission Re: Arc Equity Management (Fund 4) Ltd
Alberta Securities Commission Decision re: ARC Equity Management (Fund 4) Ltd., Re, 2009 ABASC 390.  Mandate involved work on behalf of Profound Energy Inc. and Paramount Energy Trust
The Ontario Securities Commission (the "OSC") approved a settlement reached between Research In Motion Limited ("RIM" or the "Company"), together with certain Company directors and executives, and staff of the OSC in RIM's historical stock option granting practices. 
The Special Committee of the Board of Directors of Augen Gold Corp., in a requisition for a shareholder meeting made by Augen Capital Corp
The Special Committee of Coventree Inc., in an investigation by the Ontario Securities Commission into the Canadian asset-backed commercial paper market - Re Coventree Inc., 2011LNONOSC 757 and Re Coventree Inc., 2011 LNONOSC 988
RBC Capital Markets, working as part of a syndicate of underwriters, in a $115-million bought deal offering of common shares by Verenex Energy Inc.

Recent Recognition

Canadian Legal Lexpert Directory
Most Frequently Recommended, Litigation - Securities (Toronto)
Consistently Recommended, Litigation - Securities (Calgary)
Chambers Canada
Band 1, Litigation: Securities - Ontario
The Legal 500 Canada
Ranked, Tier 1, Dispute Resolution: Alberta
Ranked, Dispute Resolution: Ontario
Global Investigations Review: GIR 100
Ranked, leading firm globally in Investigations

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