Securities Class Actions in Canada: Ten Years Later

Author ORCID Identifier

Poonam Puri: 0000-0003-3233-5019

Document Type

Article

Publication Date

11-30-2018

Source Publication

Research Handbook on Representative Shareholder Litigation. Cheltenham, UK: Edward Elgar Publishing, 2018. < https://doi.org/10.4337/9781786435347.00044>.

Abstract

This chapter reports the results of the author’s comprehensive empirical study of secondary market securities class actions in Canada. The chapter examines ten years of data, beginning with the introduction of statutory secondary market liability in 2006 and ending in 2015. In addition to identifying procedural barriers, the authors analyze the types of plaintiff (especially institutional versus retail investors) and defendants (large versus small, but also a concentration in the mining industry), providing a rich account of the Canadian experience with representative shareholder litigation for secondary market misrepresentations.

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