2011 was an eventful year for the Division of Enforcement at the U.S. Securities and Exchange Commission ("SEC"). Our assessment of the top ten SEC Enforcement events of 2011 is discussed below.

The alleged failure to comply with U.S. Securities and Exchange Commission requests under Section 106 of Sarbanes-Oxley has led to an unprecedented six-month ban for the China affiliates of the Big Four — Ernst & Young, KPMG, Deloitte & Touche and PricewaterhouseCoopers — and a censure for a China affiliate of a fifth firm, BDO International.

The offshoring industry is growing up quickly. Most major financial institutions now operate a sizeable, low-cost offshore delivery function. The industry’s cumulative cost savings for the last four years have risen sharply, propelled by an 18-fold increase in offshore headcount.

The Supreme Court of Canada recently weighed in on the doctrines of knowing assistance and corporate attribution when it overturned the majority decision of the Ontario Court of Appeal...

What may initially appear to be an employee’s intention to quit should be examined carefully before an employer relies upon the employee’s resignation.

This month's netletter features summaries of appeals from January dealing with auditor's liability, the definition of "promoter" for liability under the Securities Act, the role of case management judges in defining common issues in class actions, when employees can contract out of workers' compensation rights and the confidentiality of undertakings provided under the Investment Canada Act.

In 2008, Maple Leaf Foods ("Maple Leaf") recalled meat products linked to a listeria outbreak at one of its factories.

Last month, in 644036 Alberta Ltd. v. Kay McVey Smith & Carlstrom LLP, 2018 ABCA 236 ("C.A. reasons"), the Court of Appeal of Alberta seemed to offer conflicting guidance...

On June 21, 2013, amendments to the Ontario Securities Act contained in Bill 65—the Prosperous and Fair Ontario Act, 2013—were brought into force.

The world of marketing and advertising has evolved – last year, U.S. companies spent an estimated $13.5 billion on social media marketing alone.

This edition includes news on the Parliamentary approval of a new anti-money laundering Bill in India (7 May) and the launch of an association for anti-money laundering professionals in Dubai (23 May). Also included in this month, are details of the approval by the European Parliament of the third EU money laundering Directive (26 May).

On December 20, 2017, the Supreme Court of Canada (SCC) released its long-awaited decision in Deloitte & Touche v. Livent Inc. (Receiver of) (Livent)...

In its unanimous decision in Lavender v. Miller Bernstein LLP released on September 5, 2018, the Court of Appeal for Ontario made it clear that notwithstanding the liability imposed by the Supreme Court of Canada ("SCC") in the recent auditor's negligence case of Livent v. Deloitte & Touche.

The first decade of the new millennium started on a high note for the global aerospace and defense (A&D) industry, with outstanding financial performance around the world — only to be followed by the dot-com bust, the tragedy of 9/11, the ensuing wars in Afghanistan and Iraq, and the worst global economic downturn in nearly 80 years.

Since November 2008 when the Securities and Exchange Commission (“SEC”) issued a proposed roadmap for the mandatory adoption of International Financial Reporting Standards (“IFRS”) for public companies, there has been a significant level of speculation regarding the future of the US accounting framework.

This edition includes news on an agreement by Latin American banks to share information related to money laundering crimes (2 August), changes to Indian Central Bank KYC rules (3 August), and grants from the Asian Development Bank to Thailand and the Philippines to develop anti-money laundering measures (15 and 24 August).

The Ontario Divisional Court's recent decision in Whitehouse et al. v. BDO Canada LLP provides guidance on when a certification motion can be dismissed in the context of a pleading that fails to disclose a cause of action.