Cyber Crime - In Stealth

You know the feeling when you walk into a room and people are containing their laughter.  You know that they are laughing at you, but you don’t know why?  Well I wonder if any Nortel executives had that feeling for almost a decade when hackers had access to Nortel’s computers from 2000 to 2009 as reported by the Vancouve...
Posted: 2/17/2012 1:03:56 PM by MSI

Canadian Class Action Securities Claims: Legal Fees increase in Early Stage of Securities Claim

In Pennyfeather v Timminco Limited, here, the court determined that Plaintiff particulars can be compelled prior to the class action certification order, but, in turn, the statement of defence may be required prior to the order as well. In the Pennyfeather case the plaintiff did not provide particulars, and argued that defendant’s req...
Posted: 8/22/2011 12:00:00 AM by Global Administrator

Long Tail Liability for Canadian Directors and Officers

This new case, based on old alleged wrongful acts, hits home because it is a Canadian Company in the insurance industry that is active in the US but not listed on a regulated US exchange. The case involves a July 2011 class action securities suit against Fairfax Financial Holdings Limited (USA) and its Pink Sheet OTCBB trading,here. The all...
Posted: 8/4/2011 12:00:00 AM by Global Administrator

Bankruptcy and D&O

As usual, I have taken my cue from Kevin LaCroix’s DandODiary.com,here, and then attempt to provide the Canadian perspective. Kevin’s recent post, here, on bankruptcy statistics and D&O insurance is very detailed, and if you don’t let the US stats deter you, the risk and insurance comments are equally applicable to Can...
Posted: 5/31/2010 12:00:00 AM by Global Administrator

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