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November 15, 2023 Cases

Court Approval Shareholder Settlement with Auxly Cannabis Group, Inc.

(November 14, 2023). We are pleased to announce that the Ontario Superior Court of Justice (the “Court”) has approved the Settlement Agreement in Daniel Relvas v. Auxly Cannabis Group Inc., bearing Court File No. CV-19-00617136-00CP (the “Action”). Background The Action was commenced on behalf of persons and entities who purchased or otherwise acquired Auxly […]
November 15, 2023 Uncategorized

Berger Montague (Canada) PC invites Investors to discuss their legal rights about investing in Li-Cycle Holdings Corp.

Berger Montague (Canada) PC, a Toronto-based law firm that focuses on representing investors in cross-border shareholder disputes, is investigating Li-Cycle Holdings Corp. (“LICY” or Company”).  LICY is an Ontario company that is based in Toronto, Ontario, lists its securities on the New York Stock Exchange with the symbol “LICY” and […]
August 31, 2023 Cases

Another Canadian Cannabis company offers millions to resolve shareholder class action

(August 30, 2023) We are pleased to announce that the Ontario Superior Court of Justice (the “Court”) has scheduled a hearing to be held on November 14, 2023 the “Settlement Approval Hearing”) to approve a settlement among in Daniel Relvas v. Auxly Cannabis Group Inc., bearing Court File No. CV-19-00617136-00CP (the “Action”). Background The Action was […]
August 1, 2023 News

Berger Montague (Canada) PC adds Senior Associate Litigator

(August 1, 2023). Vincent DeMarco has joined Berger Montague (Canada) PC as a Senior Associate. Prior to joining the firm, Vincent practiced commercial litigation, including disputes relating to securities, contracts, corporate governance, bankruptcy, civil fraud, defamation, real estate, and obtaining injunctive relief. Vincent previously worked in the Toronto office of […]
June 24, 2023 News

Another Cannabis Company smokes its investors: Restatement, Stock Drop, while Insiders get rich

(June 23, 2023) On May 10, 2023, Canopy Growth Corp. announced that it had discovered material errors with its accounting practices as it related to its BioSteel Sports Nutrition Inc. (“BioSteel”): “material misstatements… sales in the BioSteel business unit… timing of revenue recognition… material weaknesses in internal controls over financial […]
May 30, 2023 Cases

Court of Appeals provides Investors are provided guidance as to how to recover money from dishonest companies

(May 24, 2023) The Ontario Court of Appeal (Simmons, Benotto and Favreau JJ.A.) released a long waited decision in Markowich v. Lundin Mining Corporation concerning the interpretation and application of a “material change” within the Securities Act and when a responsible issuer must make disclosure of the material change. This […]
April 20, 2023 News

Another Investment Gone Up in Smoke: Where are the Regulators?  

(April 13, 2023).  The Ontario Superior Court of Justice, Honourable E.M. Morgan, issued a direction that he will refrain from further motion practice so the representative investors in the 4 Canadian class actions can prepare to resolve all the claims on behalf of all investors that purchased Wayland Group Corp.’s securities in […]
April 20, 2023 News

Shareholders of Auxly Cannabis Group Inc. get access to Internal Documents: The truth will be exposed! 

(March 8, 2023) On behalf of shareholders, Class Counsel have been successful in reaching a Discovery Plan with Auxly Cannabis Group Inc. (“Auxly”) whereby it will turn over internal documents and emails of Chuck Rifici, Hugo Alves, and other insiders.   Previously, FSD Pharma, Inc. produced hundreds of pages of internal documents […]
June 14, 2022 News

Wayland Group Corp. (F/K/A, Maricann): Ontario Court Grants Access to the Court to Investors

(June 14, 2022) The Ontario Superior Court of Justice, the Honourable E.M. Morgan, J., granted the investors motion to direct the register of the court to note Wayland Group Corp. (“WAYL”) in default pursuant to Rule 19.01(1) of the Rules of Civil Procedure. The investors’ causes of action are two-fold: […]
May 6, 2022 News

Wayland Group Corp. (f/k/a, Maricann): Quebec Court Quick to Protect Québécois Investors

(May 5, 2022)  Wayland Group Corp., (“WAYL”) filed papers seeking bankruptcy protection and it was liquidated by selling assets for pennies on the dollar ~ and back to the same sellers! Investors lost. The Court approved and issued a “Stay of Litigation” so that investors could not advance their claims […]
November 5, 2021 News

Ontario Division Court unanimously agrees to allow investors’ claims to advance against Auxly Cannabis Group, Inc.

(November 2, 2021) The Ontario Superior Court of Justice – Divisional Court (Justices Swinton, Sachs, and Favreau), 2021 ONSC 7117, have allowed the investor claims against Auxly Cannabis Group, Inc. to proceed forward into discovery and trial by denying the appeal of Justice Morgan’s straight-forward (tell-it-how-it-is) decision granting investors leave […]
July 30, 2021 News

U.S. Securities and Exchange Commission Warns Investors investing in China-based companies

(July 30, 2021) The U.S. Securities and Exchange Commission (“SEC”) has identified a number of China-based companies raising capital through offshore shell companies. In a number sectors in China, companies are not allowed to have foreign ownership and cannot directly list on stock exchanges outside of China. Some of these […]
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