Misrepresentation

Class-Actions Feb 14, 2017

Class Action Against InterCoast Career Institute Likely to Turn on Statutory Violations, Attorney Says

Lack of clearer allegations about accreditation could be a weak spot in the $5 million putative class action lawsuit filed in Maine by four former nursing students, a New York-based business law and litigation attorney said during a recent interview. “I was disappointed that the complaint did not more clearly spell out the alleged misrepresentation regarding …

Lawsuits Mar 2, 2016

Ontario Superior Court Decision Confirms That “Public Correction” Requirement Is a Temporal Marker

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 …