As previously discussed here, on Monday the Ontario Superior Court issued a landmark ruling in the securities class action against IMAX Corp., certifying the first securities class action in Canada involving secondary market disclosures such as press releases. The ruling was also significant because the court certified a global class, meaning that the Canadian lawsuit will affect investors from other countries.
One of the lead lawyers for the plaintiffs in the case, Dimitri Lascaris (pictured) joined me today for a video interview to discuss his work on the IMAX case, and the many novel issues the case has raised for investors worldwide. The video is available in this post on my Enforcement Action blog over at Compliance Week.
