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June 17, 2020 Corporate

Investment Banks’ Responsibilities: Court of Appeal for Ontario endorses claim

(June 17, 2020) Today the Court of Appeal for Ontario (MacPerson, Pardu and Huscroft JJ.) released an Endorsement affirming the Divisional Court’s decision, dated January 6, 2020, concerning the responsibilities of investment banks and certifying that offering memoranda and prospectuses contain accurate information, to the best of their knowledge. Today’s […]

#Securities Litigation #Underwriters

February 23, 2020 News

Former Newstrike Brands Ltd. investors lodge claim against HEXO CORP.

(February 14, 2020) Morganti & Co. has been retained by multiple investors that held shares of Newstrike Brands Ltd. (“Newstrike”) to advance a statutory and the related common law claim against HEXO Corp. The claim alleges that HEXO Corp. induced Newstrike investors to rely upon misrepresentations about HEXO Corp.’s Quebec […]

January 29, 2020 Corporate

The Stars Group, Inc.’s $30 million settlement with shareholders receives conditional approval

(January 27, 2020) The law firms of Faguy & Co. Inc. (Montreal), and Morganti & Co., P.C. (Toronto), on behalf of investors that purchased The Stars Group Inc. (TSX: “TSGI”) (formerly known as Amaya Gaming) securities are pleased to announce that the previously announced settlement between TSGI and shareholders has […]

#Amaya #Class Action #Settlements

January 7, 2020 Corporate

Appellant Court confirms that Underwriters have a duty of care to investors

(January 6, 2020) Ontario’s Divisional Court (Backhouse, D.L. Corbett, and Myers JJ.) released an important decision concerning the role of class proceeding claims in providing access to justice for investors against investment banks. Today’s decision reverses the motion court’s October 24, 2017 decision declining to certify a common law claim […]

#Common Law #Securities Litigation #Underwriters

December 17, 2019 Corporate

Settlement reached with the Stars Group, Inc.

(December 17, 2019) The law firms of Faguy & Co. Inc. (Montreal), and Morganti & Co., P.C. (Toronto), on behalf of investors that purchased The Stars Group Inc. (TSX: “TSGI”) (formerly known as Amaya Gaming) securities are pleased to announce that they have reached a settlement for CDN $30 million […]

#Amaya #Class Action #Settlements

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Canacol Energy Ltd.

This securities class action seeks to protect investors that purchased Canacol Energy Ltd.’s (“Canacol“) securities between March 27, 2023 and October 19, 2023 (the “Class Period“). Canacol...

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