Wendy Berman has been quoted in the article
"Slowdown in Securities," published in Lexpert's
Special Edition on Litigation.
Writes Julius Melnitzer: "There was no shortage of doubters
after the Supreme Court of Canada (SCC) released its landmark 2015
trilogy setting the standard that plaintiffs must meet to satisfy
the leave threshold for filing secondary market securities class
actions.... Canadian lawyers on both sides of the Bar generally
acknowledge the recent slowdown and impact of the
trilogy."
Contrarily, however, there's been a revitalization of the
genre in the US - in part because the US Securities and
Exchange Commission governs a far larger population and is
considerably more aggressive than its Canadian counterparts. Says
Wendy: "That's important because class counsel can
piggyback their cases on regulatory investigation and findings. In
2017, for example, the Canadian Securities Administrators took
actions against only seven companies for
