Daniel E. H. Bach is a partner of Siskinds LLP, based in its Toronto office. Admitted in Ontario and New York, he prosecutes complex securities and consumer-related class actions on behalf of individuals, asset managers and pension funds.
Daniel has been counsel in several precedent-setting securities class actions, including Arctic Glacier and IMAX, the first two cases to be granted leave under Part XXIII.1 of the Securities Act. Both cases also certified common-law misrepresentation claims. Daniel is also pursuing two of the largest securities class actions in Canada, Manulife and Sino-Forest. Manulife is the largest securities class action in Canada to be granted leave on a contested basis. In Sino-Forest the class secured a $117 million settlement with Ernst & Young. This is the fifth-largest securities class action settlement with an auditor world-wide.
Daniel also litigates consumer class actions. He was counsel in Helm v Toronto-Hydro Electric System Limited, which settled for $5.84 million following the summary judgment argument, and in Wright and Zislin v United Parcel Service Canada Ltd., a Consumer Protection Act, 2002 class action concerning “brokerage fees” charged by UPS in which the class was certified and summary judgment was granted to the class.
Daniel has represented classes in Ontario, Alberta and Québec Courts in securities matters, consumer class actions, litigation relating to the subprime mortgage crisis and option backdating. He has been involved in securities actions in the finance, resource, entertainment, technology, construction, transport, consumer goods, pharmaceutical and medical device sectors.
Daniel teaches at the Schulich School of Business at York University. He has discussed class actions, securities law and consumer rights in the Globe & Mail, The National Post, The Law Times, The Canadian Press and on Canada AM. His academic writing, focusing on securities litigation, has appeared in the Canadian Business Law Journal.
Recent representative matters include:
Daniel received his B.A. (Hon.) in Political Science and History from the University of Toronto and his J.D. from the University of Toronto, Faculty of Law. Prior to joining Siskinds, Daniel was a member of the litigation department at Shearman & Sterling LLP, based in New York. His American experience includes litigation under the Securities Acts of 1933 and 1934, SEC Rule 10b-5, the Employment Retirement Income Security Act of 1974 (“ERISA”), as well as Foreign Corrupt Practices Act investigations. In 2008, Daniel returned to Canada to open the firm’s Toronto office.