Article
Surge in securities class actions inevitable?
Why partnering with a Class Action specialist is more critical than ever.
Bill 198, Ontario’s Securities Act has changed Canadian securities class action litigation. For a successful notice campaign, partner with Deloitte.
Securities class action cases in Canada have never been as prevalent as they are today. Given the extent of Canadian case law rejecting reliance on the “fraud on the market” theory popularized in the U.S., it has been historically difficult to certify securities class actions in Canada. However, amendments to Ontario’s Securities Act, known as Bill 198, have changed the face of Canadian securities class action litigation. But what implications does this shifting environment have for lawyers?