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Announcing Dentons

We are delighted to announce our new global law firm, Dentons!

On March 28, FMC combined with international firms Salans and SNR Denton. Each founding firm has built its solid reputation and valued clientele by responding to the local, regional and national needs of a broad spectrum of clients of all sizes—individuals; entrepreneurs; small businesses and start-ups; local, regional and national governments and government agencies; and mid-sized and larger private and public corporations, including international and global entities.

We are now working together with 2,500 talented lawyers and professionals in 79 locations in 52 countries across Africa, Asia Pacific, Canada, Central Asia, Europe, the Middle East, Russia and the CIS, the UK and the US. Our Securities Litigation team now has a global network that will benefit Dentons’ clients. Check out Introducing Dentons for an overview of our new firm and please do not hesitate to contact us with any questions or comments.

These are very exciting times — for our clients, for our work and for the insights we bring to this blog. To find out more about our new firm, about what makes Dentons different, please visit www.dentons.com.

Announcing Dentons

Secondary Market Liability in Canada: Securities Class Actions

This article was written by: Robb C Heintzman, Michael D Schafler and Soloman Lam.

The securities legislation of all Canadian provinces and territories now contain provisions that create civil liability for secondary market misrepresentation. Investors that purchase an issuer’s securities on the secondary market may therefore bring claims for misrepresentation or a failure to make timely disclosure of a material change. As a result, there has been a marked increase in the number of securities class actions in Canada.”

This article provides: an overview of the policy rationale behind the new statutory regime; an examination of the regime’s key features; and an analysis of the case law that has developed around the provisions so far.

To read more, click here.

Secondary Market Liability in Canada: Securities Class Actions