Meet our litigators in this area

Securities Litigation

BUSINESS - Securities Litigation

Among the firm's many significant cases in this area are the following:

  • We represent the former controller of Nortel Networks on litigation and other proceedings arising out of the restatement of Nortel's financial statements, the largest such re-statement in Canadian history.

  • We represented the former President, CEO and Director of YBM Magnex International, Inc. in all litigation in Ontario, including Ontario Securities Commission proceedings. Royal Trust Corp. of Canada v. Fisherman (2000), 49 O.R. (3d) 187 (S.C.J.).

  • We acted for the securities dealer in Re E.A. Manning Limited v. Ontario Securities Commission (1995), 23 O.R. (3d) 257 (C.A.). All members of the Ontario Securities Commission appointed before a particular date were prevented from presiding at a disciplinary hearing because of apprehended bias.

  • We acted for the plaintiff in Ainsley Financial Corp. v. Ontario Securities Commission (1994), 21 O.R. (3d) 104 (C.A.) which dealt with the administrative law principles concerning the jurisdiction of a tribunal to make policies/rules. It gave rise to a Task Force which made recommendations, since acted upon, for sweeping amendments to the Securities Act.

  • We acted in the landmark case that determined the constitutional point of law that would allow the Government of Canada to establish a federal securities commission with jurisdiction across the country. Multiple Access Ltd. v. McCutcheon, [1982] 2 S.C.R. 161.