Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 18 APRIL 2012

Leave To Commence A Part XXIII.1 Securities Act Claim And Certification Granted On Consent

Stikeman Elliott LLP
Explore more from Stikeman Elliott LLP

On March 27, 2011 Justice Perell of the Ontario Superior Court of Justice granted a consent motion in "Sorenson v. easyhome Ltd." for certification of the action as a class action and leave to advance a claim against easyhome Ltd. and its CEO and President, its Senior Vice President, and its Chief Financial Officer (as they were during the relevant period).

CanadaLitigation, Mediation & Arbitration
The Class Actions Group
The Class Actions Group
Author LinkedIn connections

On March 27, 2011 Justice Perell of the Ontario Superior Court of Justice granted a consent motion in Sorenson v. easyhome Ltd. for certification of the action as a class action and leave to advance a claim against easyhome Ltd. and its CEO and President, its Senior Vice President, and its Chief Financial Officer (as they were during the relevant period).  The motion also included the consent dismissal of a parallel action against certain other defendants.  

The action is in respect of a material fraud in easyhome Ltd.'s related loan business that required a restatement of certain of its financial results.  The consent motion is a result of an agreement negotiated by the parties after the motion for leave to commence the secondary market claim was served.  The Defendants have reserved their rights with respect to limitation period defences, notwithstanding certification of the Class Period as April 8, 2008 to October 14, 2010.  The common issues include whether some

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

The Coldcard Exploit: Why Victims May Have Two Routes To Recovery

A five-year-old firmware defect in Coldcard hardware wallets has enabled attackers to systematically drain an estimated $116 million in Bitcoin from over 5,200 victims since July 2026. This unprecedented exploit raises critical questions about manufacturer liability and creates two distinct legal pathways for recovery: blockchain tracing against the perpetrators and potential litigation against Canadian manufacturer Coinkite for product defects that undermined the fundamental security promise of devices mar
CanadaLitigation, Mediation & Arbitration
WeirFoulds LLP
WeirFoulds LLP
Article

Ontario’s New AI Rules: What Lawyers And Expert Witnesses Need To Know

Ontario's Rules of Civil Procedure now include strict amendments requiring lawyers and expert witnesses to certify the authenticity of every citation and authority used in court materials. These new anti-hallucination provisions impose significant penalties for presenting AI-generated fabricated authorities, fundamentally shifting accountability for artificial intelligence use in litigation.
CanadaLitigation, Mediation & Arbitration
Soloway Wright
Soloway Wright
Article

Plaintiffs Awarded A Total Of $800,000 In Damages For Defamation (Murdy v. Barrette)

A Canadian court awarded $800,000 in damages to a couple defamed by serious false allegations of sexual assault and criminal misconduct spread through social media. The case examines how factors like the severity of accusations, use of social media platforms, and a defendant's failure to mount a defense can dramatically escalate defamation damages beyond typical awards.
CanadaLitigation, Mediation & Arbitration
Gardiner Roberts LLP
Gardiner Roberts LLP
Article

Not Beyond Reproach: Alberta Court Confirms Jurisdiction Over Alberta Energy Regulator

The Alberta Court of King's Bench has confirmed its jurisdiction to grant injunctive relief against the Alberta Energy Regulator despite a broadly worded statutory privative clause. This landmark decision, arising from Sumerian Oil & Gas's application to stay a suspension order affecting approximately 900 wells, represents one of the first considerations of the Supreme Court of Canada's recent Democracy Watch ruling and may significantly impact future disputes involving AER orders.
CanadaLitigation, Mediation & Arbitration
MLT Aikins LLP
MLT Aikins LLP
Article

Do Canadian Manufacturers Owe A Duty To Develop Safer Alternatives?

The British Columbia Court of Appeal has left open the possibility that pharmaceutical manufacturers may owe a duty of care to develop safer alternatives to their existing products, even when those products are properly approved and labeled. This decision in Gilead Sciences, Inc. v. I.F. contrasts sharply with a recent California Supreme Court ruling that rejected such a "duty to innovate," potentially setting Canada on a divergent path in product liability law.
CanadaLitigation, Mediation & Arbitration
Torys
Torys