Canada’s reformed class-action law wins few friends

A Canadian law designed to make it easier to bring class action suits against companies that mislead investors has all sides frustrated as it faces its first real-world tests…. “Corporate Canada demanded a leave requirement in order to protect itself from frivolous litigation,” said Dimitri Lascaris of Siskinds LLP. “What they got was something that not only imposes significant burden on plaintiffs, but also imposes a significant burden on them. It’s costly to both sides.”

Read more: Canada’s reformed class-action law wins few friends — Financial Post