Quebec no longer class action haven - FP Legal Post Quebec no longer class action haven

…

Quebec’s reputation as a class action haven may have suffered a body blow with the May 23, 2008 release of the Court of Appeal’s judgment in Option Consommateurs v. Novopharm.

 

Canadian Law: No Friend to LBOs - Finance Blog - Felix Salmon - Market Movers - Portfolio.com The news out of Quebec today really is quite stunning: a court has held that bondholders in Canada can effectively block a leveraged buy-out if their bonds will be downgraded to junk (as most are, in such situations).

Investment Executive : Quebec legislation to bolster investor protection Bill 64 provides the Autorité des marchés financiers (AMF) with a variety of tools that enable it to act more quickly and effectively when it detects breaches of the regulations applicable to financial institutions and other intermediaries.

Investment Executive : MFDA seeks wider pool of applicants for public directors The Mutual Fund Dealers Association of Canada (MFDA) is seeking changes to its recognition orders, and amendments to expand the population of possible public directors.

Why ETF-Squareds Are a Bad Investment - Finance Blog - Felix Salmon - Market Movers - Portfolio.com Why ETF-Squareds Are a Bad Investment Floyd Norris today brings up the question of mutual fund fees, which gives me a good excuse to revisit the ETF-squareds I wrote about yesterday.

reportonbusiness.com: Ruling has far-reaching ramifications, CPPIB says “This ruling could have profound effects on future merger and acquisition activity in Canada,” he said in a note to clients. “Boards would no longer have a duty just to maximize shareholder value. Now boards must be willing to accept lower takeover prices and show that all minority stakeholders are considered.”

rad_20080521_berryd.pdf (application/pdf Object)

[52] The following issues arise from the Application and the responses thereto:
(a) What is the Commission’s role under section 21.7 of the Act and what approach should be taken by the Commission when asked to review a preliminary decision of an SRO, in the context of an ongoing SRO proceeding?

Paris Bank’s Managers Are Blamed in a Scandal - NYTimes.com Serious management failures by immediate superiors allowed a rogue trader at Société Générale to commit the biggest fraud in financial history, according to an internal report to be released Friday.

Free Preview - WSJ.com Seven More Charged In Stock-Loan Case By Chad Bray Word Count: 347 | Companies Featured in This Article: Morgan Stanley Seven more people, including former stock-lending supervisors at Morgan Stanley and Penn Mutual Life Insurance Co.’s Janney Montgomery Scott LLC, have been indicted over alleged kickbacks involving Wall Street stock lending, federal prosecutors said.

Investment Executive : IFIC calls for consistent regulatory objectives in client in CRM IFIC calls for consistent regulatory objectives in client in CRM IFIC urges IDA to adopt a flexible approach to performance reporting requirements