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Posts Tagged ‘secondary market liability’

Yesterday, NERA Economic Consulting issued a working paper entitled Trends in Canadian Securities Class Actions: 2009 Update.  The paper covers offers a variety of figures and statistics on cases being pursued, time to resolution, the values of settlements reached in 2009, the exposure represented by cases still pending, and the number of cases with parallel U.S. proceedings.  One key trend discussed in the report is the development of the law on “secondary market liability” provisions of provincial securities acts, especially the Ontario Securities Act.  For a primer on secondary market liability in Canada, see this article from Canadian firm McCarthy Tétrault entitled Ten Quick Tips on Minimizing Exposure to Secondary Market Civil Liability.

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