Materiality In Securities Legislation: Guidance From The Supreme Court Of Canada Imposes Burdens On Both Plaintiffs And Issuers
Mondaq Business Briefing › Canada Law Articles in English (2011)
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Materiality In Securities Legislation: Guidance From The Supreme Court Of Canada Imposes Burdens On Both Plaintiffs And Issuers
Management in public companies often struggles to determine how much or how little to disclose in connection with offerings of securities. Until now, other than market practice there has been little judicial guidance to assist management in making decisions. In Sharbern Holding Inc. v. Vancouver Airport Centre Ltd., 2011 SCC 23, the Supreme Court of Canada has recently provided such guidance by examining the t...
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