• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
FTI 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2009 / September / 11 / Securities Class Actions Surging in Canada

Securities Class Actions Surging in Canada

By Securities Docket on September 11, 2009, 1:31 pm

canada_flag230An article this week in Canadian Underwriter presents some interesting statistics about the growth of class action lawsuits in Canada, including securities cases.  Susan Watts, Senior Vice President at Chubb Insurance Company of Canada, writes that Canada is experiencing a “new litigious environment” that has seen a surge in class actions related to securities, stock options, and shareholder returns, among other things.

Watts observes that

the number of class-action lawsuits filed in B. C. rose notably by 68% — from 33 actions in 2004 to 48 actions by 2008. And since Ontario amended its securities legislation in 2005, the number of shareholder class actions has increased by 125% across the country.

She adds that Canada is also seeing a rising number of class actions mirroring pleadings in the United States, where plaintiff’s counsel are looking to “piggyback” on cases originating in the U.S.

Read the Canadian Underwriter article.

Blog Widget by LinkWithin

Posted in Global | Tagged Canada, Class Actions

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Ankura 260x250

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2022 Securities Docket.

Powered by WordPress and Hybrid.