The Ontario Securities Commission (OSC) recently released its decision in In Re Coventree Inc., in which it found that Coventree and two of its directors (the "Respondents") failed to disclose material changes to Coventree’s business as required under the Ontario Securities Act (the "Act").

The Court declined to overrule Basic v. Levinson, but rather imposed limitations on the "fraud-on-the-market theory."

Last year was an unprecedented year for securities litigation due, in part, to the COVID-19 pandemic. Although filings of new federal class actions were down 22% in 2020 versus 2019...

In 2012, there were nine new securities class actions filed in Canada - down from 15 new cases in 2011.

This article first appeared in the newly released book from NERA Economic Consulting,' The Line in the Sand: The Shifting Boundary Between Markets and Regulation in Network Industries.' With a foreword by Alfred E Kahn.

The SEC settled with 160 defendants in the second quarter of 2009, compared to 175 in the previous quarter and 174 in the second quarter of 2008.

On 29 January 2009, President Barack Obama signed into law the Lilly Ledbetter Fair Pay Act.

Since we released our note on economists' reactions to the Paulson Plan on 26 September, events have moved quickly.

How does $64.8 billion in assets purportedly under management go missing? That is the combined account value that Bernard L. Madoff Investment Securities LLC (BMIS) reported to clients on their November 2008 statements.

Since 2012, all class action securities litigation claims that have been brought in Canada have been for statutory secondary market cases (SSM cases).

The SEC settled with 344 defendants in the first half of its 2011 fiscal year ("1H11"), putting the agency on pace to settle with 688 defendants for the full year, in line with the 681 settlements in FY10.

On December 30, 2011, the Ministry of Commerce ("MOFCOM") of the People’s Republic of China (the "PRC" or "China"),which provides security reviews for inbound mergers and acquisitions, issued the final version of "未依法申报经营者集中调查处理暂行办法," or"Interim Measures on Failure of Filing for the Investigation of Concentration of Business Operators," which will come into effect on Febr

On 19 January 2012, the United States Sentencing Commission asked for public comment on various topics.

Using publicly available data, we analyzed trends in asbestos-related liabilities of more than 150 companies. This study represents our third annual assessment of these data, and extends our analysis one year to cover a full decade from 2001 through 2010.

A leveraged exchange-traded fund (ETF) is a financial instrument that seeks to deliver a daily return that is a multiple of the return of an underlying index, while an inverse ETF seeks to deliver a daily return equal to the opposite of the return of an underlying index.

Over the past decade, the number of cases alleging wage and hour violations has been increasing. Such cases include an array of allegations, such as off-the-clock work (including donning and doffing suits); unpaid overtime; missed, short, or late meal periods and rest breaks; employee misclassification; unpaid termination wages; failure to pay minimum wage; and time shaving and improper tip pooling.

The Securities and Exchange Commission (SEC) settled with 181 defendants in the third calendar quarter of 2009, compared to 160 in the previous quarter and 216 in the third quarter of 2008. With the end of the third quarter of 2009, the SEC’s 2009 fiscal year came to a close.

The Competition Appeal Tribunal (CAT) recently issued its ruling in the case of The New Lottery Company Ltd and Others v. The Gambling Commission. It found the Gambling Commission’s (GC’s) decision to grant Camelot (as operator of the National Lottery)...

While President Trump's choices to lead the Federal Trade Commission (Andrew Ferguson) and the Antitrust Division of the Department of Justice...

Earlier this year, it became clear that the Advisory Committee on Civil Rules is considering possible amendments to Rule 23.