Alexandria Matic

The plaintiff sought certification of a proposed securities class action under the Ontario Securities Act, alleging misrepresentation by the defendants regarding the value of Cronos Group Inc. shares.

The defendants opposed certification and brought a forum non conveniens motion to stay claims of non-Canadian shareholders who purchased shares on the NASDAQ exchange, arguing these shareholders were already covered by a parallel U.S. class action.

The court granted certification for the proposed class, including U.S. shareholders, and dismissed the defendants' forum non conveniens motion, emphasizing Ontario's jurisdiction and the policy of access to justice.

The appellant, Ahmad Mohammad (also known as Ahmad Yousef), brought three appeals from Superior Court orders dismissing his actions under Rule 2.1.01 of the Rules of Civil Procedure.

The Court of Appeal considered dismissing the appeals and revoking the appellant's fee waivers under the Administration of Justice Act.

The court found the proceedings to be frivolous, vexatious, and an abuse of process, lacking intelligible grounds or causes of action.

The panel review motions for two appeals (McMaster University and Chaimowitz) were dismissed under r. 2.1.02, and the third appeal (Google) was dismissed under r. 2.1.01 for failure to perfect.

The court also revoked the appellant's fee waivers and prohibited further fee waiver requests without judicial permission.

No costs were awarded.

The appellant sought leave to bring a class action against Cronos Group Inc. and others for alleged misrepresentations in public filings.

The motion judge dismissed the leave and certification motions, characterizing the claim as alleging thousands of separate misrepresentations and finding insufficient evidence of individual materiality.

The Court of Appeal found this characterization erroneous, holding that the claim alleged one central misrepresentation regarding inflated revenues.

The Court determined there was a reasonable possibility of success, given the admitted misrepresentations, subsequent corrections, and share price drops, despite conflicting expert evidence on causation.

The appeal was allowed, leave granted, and the certification issue remitted to the Superior Court.

The plaintiffs in a class proceeding sought approval of the long-form and short-form notices to be distributed to affected class members following a previously approved settlement.

The court approved the notices, finding them to be in plain language and clear regarding participation and opt-out procedures.

The court also permitted the notices to be distributed in English only, as the defendant only provided services in English.

The plaintiff brought a motion for leave to proceed with a secondary market securities class action under the Securities Act and a motion for certification under the Class Proceedings Act.

The claim alleged that the defendant cannabis company and its directors made thousands of misrepresentations regarding revenue recognition, which were later corrected in restated financial statements.

The court dismissed the motion for leave, finding no reasonable possibility that the plaintiff could prove the alleged misrepresentations had a material impact on the share price.

Consequently, the court also dismissed the certification motion, as the pleadings failed to disclose a viable cause of action for the remaining common law and oppression claims.