Putting Short Sellers on a (Regulatory) Leash
Traditional investors buy low and sell high, holding the position in the meantime with the hope that the share price will increase. Short-selling inverts this strategy and involves borrowing a stock that is believed to be overvalued, selling at the high point, and then returning the shares …Continue reading the post titled Putting Short Sellers on a (Regulatory) Leash
2018 Year In Review For American and Canadian Whistleblower Programs
Fiscal Year 2018 was a nice year for tippers to the U.S. Securities and Exchange Commission (“SEC”) whistleblower program (“SEC program”), thanks to some misbehaving companies. The SEC made record-breaking payouts of about $168 million to 13 whistleblowers in 2018. The SEC program was init…Continue reading the post titled 2018 Year In Review For American and Canadian Whistleblower Programs
Goodbye, Backlogs; Hello, Agency Class Actions
Government agencies across Canada are struggling to process a growing backlog of claims. Few agencies are immune. In April 2018, an independent review concluded that Canada’s refugee determination system is dealing with a surge in claims that it is ill-equipped to manage. In December 201…Continue reading the post titled Goodbye, Backlogs; Hello, Agency Class Actions
Competing Class Actions: The Unsettled Law of Carriage Motions
Class counsel trying to predict the outcome of a carriage motion has little to learn from two recent decisions by the Ontario Superior Court of Justice. Carriage motions are unique to class actions. They arise when multiple class actions are filed for what is essentially the same case and c…Continue reading the post titled Competing Class Actions: The Unsettled Law of Carriage Motions
Securities Fraudsters to the SEC: Can We Have Our Money Back?
Canadian class action litigators have the reputation of being more cautious than their neighbors to the south. It’s a reputation surely bolstered by a recent example of colossal chutzpah where acknowledged fraudsters launched an American securities class action to recover their ill-go…Continue reading the post titled Securities Fraudsters to the SEC: Can We Have Our Money Back?