Tietz v. BLOK Technologies Inc.
The chambers judge erred in excluding early sellers and in dividing the class into Canadian and non-Canadian subclasses; s.140.3 of the Securities Act applies to issuers with a real and substantial connection to British Columbia regardless of the exchange through which shares were acquired, and the pleadings sufficiently allege an overarching conspiracy so certification was appropriate; appeal allowed to include early sellers and remove subclass division; cross-appeal dismissed.
Source excerpt
- Secondary market misrepresentation
- Civil conspiracy
- Class certification
- Preferable procedure
- Multiple conspiracies problem
- Early sellers exclusion