Abstract

http://ssrn.com/abstract=2368556
 


 



Victory for Access to Justice as Supreme Court of Canada Upholds Certification Decision in 'Market Timing' Class Action


Suzie Chiodo


Rochon Genova LLP

December 16, 2013


Abstract:     
In a major victory for mutual fund investors, the Supreme Court of Canada has upheld a decision to certify the “market timing” class action (AIC Limited v Fischer). The decision means that securities class actions can proceed even where fines have been imposed or settlements reached in parallel regulatory proceedings by the Ontario Securities Commission (OSC). The decision has significant and positive ramifications for access to justice and has been described as “the most important class action decision this year”.

Number of Pages in PDF File: 3

Keywords: class actions, access to justice, certification, preferability, preferable procedure, securities, investors, mutual funds

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Date posted: December 18, 2013  

Suggested Citation

Chiodo, Suzie, Victory for Access to Justice as Supreme Court of Canada Upholds Certification Decision in 'Market Timing' Class Action (December 16, 2013). Available at SSRN: http://ssrn.com/abstract=2368556 or http://dx.doi.org/10.2139/ssrn.2368556

Contact Information

Suzie Chiodo (Contact Author)
Rochon Genova LLP ( email )
121 Richmond Street West
Suite 900
Toronto, Ontario M5H 2K1
Canada
416-363-1867 (Phone)
HOME PAGE: http://rochongenova.com/team/suzanne_chiodo.aspx
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