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Low Threshold for Leave to Proceed in Claim for Secondary Market Misrepresentation
by Fred R. Pletcher
Borden Ladner Gervais LLP - Vancouver Office
David Surat
Borden Ladner Gervais LLP - Vancouver Office
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December 28, 2009
Previously published on December 2009
On December 14, 2009, the Ontario Superior Court of Justice granted leave for the plaintiffs in Silver et al. v. IMAX Corporation to proceed with a claim under the secondary market disclosure civil liability provisions of the Ontario Securities Act. The court concurrently issued its decision certifying the action as a class proceeding.
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