Under the Ontario Securities Act (“OSA”), a statutory right of action exists for secondary market misrepresentation for any person who acquires or disposes of an issuer’s securities within the relevant time period. An action for secondary market misrepresentation requires leave of the court under s. 138.8. Such leave may only be granted where a plaintiff has met his burden of showing, to a …
When developers at a top U.S. stock exchange needed help debugging a program that puts time stamps on quotes and trades in July, they could have hired a high-profile consulting firm. Instead, they called a customer who runs a company out of a small office in a Chicago suburb who had weeks earlier called the exchange’s dealings with high-frequency trading firms “completely illegal” on Twitter. …
Quebec’s taxi industry is stepping up its fight against ride-hailing giant Uber Technologies Inc., unveiling plans to file a court injunction this week seeking to shut down the service in the province. The move by the union representing 4,000 Quebec drivers and taxi owners comes on top of a class-action lawsuit application against Uber, and warnings that more protests by the taxi industry …
James Park, Fitbit CEO In the six years since Fitbit began selling its first fitness tracker, a $100 clip-on device that used a growing flower on its tiny display to indicate how active you’d been, the market for wearable gadgets has changed tremendously. Companies large and small have flooded the market with all kinds of fitness trackers, smart watches, and other wearable devices. According to …