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Published on: 15 Jul 2020 By

The rise and fall of Quadriga, a Canadian crypto exchange Ponzi scheme

We may only be a few years away from a Netflix special on the Quadriga collapse. There would be plenty to fill a script in last month’s release of an investigative report from the Ontario Securities Commission, which found that Quadriga was a fraud and Ponzi scheme (the “OSC Report”). …

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Published on: 8 Jul 2020 By

Ontario overhauls the Class Proceedings Act: Your guide to the complete list of changes

On July 7, 2020, the Ontario government voted to pass the most significant changes to the province’s Class Proceedings Act, 1992 in the entire history of the legislation. For the full picture of what the amended Act will look like, click on this updated version of the Class Proceeding Act, c…

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Published on: 24 Jan 2020 By

Guidance from the Canadian Securities Regulators on crypto-platforms

Last week, the Canadian Securities Administrators (the “CSA”) published guidance on situations when securities legislation may apply to entities that facilitate crypto-currency trading. The CSA is an umbrella organization of securities regulators from each of the provinces and territories. T…

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Published on: 21 Nov 2019 By

Class Counsel can continue to represent Class Members where a conflict of interest arises with Provincial health insurers

In Perdikaris v. Purdue Pharma, 2019 SKQB 281, the Chief Justice of the Saskatchewan Court of Queen’s Bench has ruled that a conflict of interest between Provincial Health Insurers (“PHIs”) and the Representative Plaintiffs and/or Class Members that emerges as the matter proceeds will not au…

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Published on: 12 Nov 2019 By

Government, energy corporation can be sued in class action for flood damage says Newfoundland Court

Flooding is a major issue for many Canadians, often causing severe damage and consequent economic harm. The federal government has warned that extreme flooding is the new reality of climate change,[1] and the five most destructive floods in Canadian history have all occurred since 2010.[2]  …

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Published on: 5 Nov 2019 By

Class Members, no rights to appeal settlement approval

On October 17, 2019 the Court of Appeal of Ontario released its decision in Bancroft-Snell v. Visa Canada Corporation, 2019 ONCA 822. The Court of Appeal’s unanimous five-judge panel decision confirmed individual class members have no right to appeal settlement approval orders even where the…

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