In this article – “Securities class actions leave: More than a speedbump, not the Matterhorn” – we review such factors as how the courts are becoming increasingly interventionist in their role as gatekeepers, particularly in the context of unmeritorious secondary market claims; how an action from secondary market misrepresentation under the Ontario Securities Act requires leave of the court; and how the test for obtaining leave is different from  – and imposes a higher threshold than  – the test for the authorization or certification of a claims action.

This article is authored by Craig Lockwood, a partner with Osler’s Litigation group, and by Lipi Mishra, an associate with the group.

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Our Legal Year in Review, published December 7, 2021, provides general information only and does not constitute legal or other professional advice. Specific advice should be sought in connection with your circumstances.

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