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Published on: 27 Jun 2018 By ,

A good day for do-it-yourself investors: The CSA proposes to prohibit the payment of trailing commissions to discount brokers

On June 21, 2018, the Canadian Securities Administrators (“CSA”) released a Status Report on their ongoing investigation into embedded commissions in the mutual fund industry. “Embedded commissions” is the term used to describe the practice of mutual fund managers compensating dealers (and t…

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Published on: 18 Jun 2018 By

Update: SCC Grants Leave to Appeal on Umbrella Purchaser Issue

A recent hot topic in price-fixing class actions has been whether so-called “umbrella purchasers” have a cause of action. See our recent articles here and here. Umbrella purchasers are individuals who purchased the affected product from  non-conspirator manufacturers. In support of umbrella …

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Published on: 11 May 2018 By

Siskinds files proposed class action against Facebook

Note: This article was also published on AdvocateDaily.com By Rob Lamberti, AdvocateDaily.com Contributor A class-action lawsuit filed by Siskinds LLP against Facebook continues to collect plaintiffs who may have had their data scraped by Cambridge Analytica through an app on the popular soc…

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Published on: 7 Mar 2018 By

Towards a More Cooperative Canadian Class Action Regime: CBA Adopts Revised Judicial Protocol on Multijurisdictional Class Actions

Class actions will often address wrongs and harm that transcend the borders of a single Canadian province. A faulty medical device might be distributed across the country and wreak its harmful effects upon residents in many or all provinces. Similarly, when a public company misleads its inve…

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Published on: 5 Feb 2018 By

What Does it Take to be a Representative Plaintiff in a Class Proceeding?

In most class actions, class counsel represent class members in Court. One class member, the “representative plaintiff,” has important responsibilities with special duties to absent class members. Ontario’s class proceeding legislation requires that each class action have a representative pl…

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