28 total
Class action certification denied; pleadings failed to disclose material facts supporting alleged airline price-fixing conspiracy.
The plaintiff sought certification of a class action against four major airlines, alleging a conspiracy to fix prices and suppress the supply of transborder air travel between Canada and the United States.
The court dismissed the certification motion, finding that the pleadings failed to disclose a reasonable cause of action as they contained only bald, unsupported allegations of a conspiracy without material facts.
The court also found no basis in fact for the proposed common issues, noting that the plaintiff's reliance on parallel U.S. litigation regarding domestic travel was insufficient to support a conspiracy in the transborder market.
Furthermore, the plaintiff's expert methodology for calculating class-wide loss was deemed purely hypothetical, and the representative plaintiff was found inadequate as she purchased her ticket using loyalty points rather than directly from the defendants.
The court approved a $500 million settlement and $75 million in class counsel fees in a national class action regarding a packaged bread price-fixing conspiracy.
The court approved a $500 million settlement in a national class action concerning a price-fixing conspiracy in the packaged bread market, resolving claims against Loblaw Companies Limited and related entities.
The settlement includes a substantial damages payment, a distribution protocol for class members, and a cooperation agreement by Loblaw to assist in ongoing litigation against non-settling defendants.
The court also approved class counsel fees and the payout to a third-party funder, finding the settlement fair, reasonable, and in the best interests of the class.
Shareholder rights plan with 15% trigger cease traded for undermining take-over bid regime animating principles.
Riot Platforms, Inc., the largest shareholder of Bitfarms Ltd., applied to the Capital Markets Tribunal for an order under s. 127(1) of the Securities Act to cease trade a shareholder rights plan adopted by Bitfarms.
The plan featured a 15% trigger, which was below the 20% threshold established in the take-over bid regime.
Riot did not allege a contravention of Ontario securities law but argued the plan was contrary to the public interest.
The Tribunal clarified the standard for intervening without a contravention, holding that an applicant must demonstrate the conduct undermines clearly discernible animating principles of securities law in a real and substantial way, with a public dimension.
The Tribunal found that the 15% trigger undermined the predictability and certainty of the take-over bid regime.
As Bitfarms failed to demonstrate exceptional circumstances justifying the departure from the 20% threshold, the Tribunal concluded it was in the public interest to cease trade the plan.
Tribunal dismisses all OSC allegations of illegal distribution and public interest violations regarding index inclusion transactions.
The Ontario Securities Commission alleged that the respondents engaged in an illegal distribution of Canopy Growth Corporation shares and that Cormark and Kennedy failed to deal fairly, honestly, and in good faith with Canopy, or alternatively, acted contrary to the public interest.
The allegations centered on a series of transactions involving a private placement, a securities loan agreement, and short sales executed when Canopy was added to the TSX composite index.
The Capital Markets Tribunal dismissed all allegations, finding that the transactions did not constitute an illegal distribution under the extended definition, Canopy was not a client of Cormark or Kennedy, and the respondents did not mislead Canopy or otherwise engage the Tribunal's public interest jurisdiction.
Class action settlement and 25% contingency fee approved for hip implant litigation; representative plaintiff honorarium denied.
The plaintiff brought motions for approval of a settlement agreement, a discretionary fund, class counsel fees, and a notice program in a class action concerning allegedly defective metal-on-metal hip implants.
The court approved the claims-made settlement and the $750,000 discretionary fund, finding them fair, reasonable, and in the best interests of the class given the significant litigation risks.
The court also approved a 25% contingency fee for class counsel and a $1.25 million contribution from the defendants towards fees and disbursements.
However, the court dismissed the representative plaintiff's request for a $7,500 honorarium, finding no exceptional circumstances of personal hardship.
The Court of Appeal upheld the dismissal of a class action certification for an alleged canned tuna price-fixing conspiracy due to insufficient pleadings and evidence.
The appellant sought to certify a class proceeding alleging a price-fixing conspiracy in the Canadian canned tuna market.
The motion judge dismissed the certification motion, finding a failure to plead material facts for a reasonable cause of action and an insufficient evidentiary basis for common issues.
The Court of Appeal upheld the dismissal, agreeing that the claim lacked material facts to support a Canadian conspiracy and that there was no sufficient factual basis for the proposed common issues, particularly given the distinct Canadian and U.S. tuna markets.
The court also confirmed its jurisdiction to hear the appeal, as the lower court's order effectively ended the proceeding.
SARS-CoV-2 and civil authority orders do not constitute physical loss under business interruption insurance.
The appellants, small and mid-size businesses, appealed a class action decision regarding business interruption insurance claims stemming from the COVID-19 pandemic.
They sought coverage for revenue losses, arguing that the presence of SARS-CoV-2 or civil authority orders constituted "physical loss or damage" to their property under their insurance policies.
The Court of Appeal upheld the trial judge's finding that neither the virus's presence nor the civil authority orders met the "physical loss or damage" criteria for business interruption coverage.
The appeal was dismissed, and costs were awarded to the respondents.
Appeal of class action certification order dismissed; class properly limited to purchasers from defendant retailers.
The appellants appealed a certification order in a price-fixing class action regarding packaged bread.
They argued the motions judge erred by excluding indirect purchasers who bought bread from non-defendant retailers.
The Divisional Court dismissed the appeal, finding that the motions judge properly settled the certification order to reflect his reasons and the nature of the single conspiracy pleaded, which required the product to pass through both a defendant producer and a defendant retailer.
Class action certification denied for alleged canned tuna price-fixing conspiracy due to lack of evidence.
The plaintiff brought a motion to certify two proposed class actions alleging a price-fixing conspiracy in the Canadian canned tuna market.
The plaintiff alleged that the defendants conspired to fix prices of canned tuna sold in Canada, relying on findings from US antitrust proceedings.
The court dismissed the certification motion, finding no basis in fact that the alleged conspiracy existed in Canada.
The court held that the plaintiff failed to satisfy the cause of action, common issues, and preferable procedure criteria, as the market structure and participants in Canada were different from those in the US, and the plaintiff's expert evidence was based on incorrect factual assumptions.
COVID-19 and related government lockdown orders do not cause physical loss or damage to property under business interruption insurance policies.
The plaintiffs, representing a class of small to medium-sized businesses, sought coverage under their business interruption insurance policies for losses sustained due to the COVID-19 pandemic and related civil authority orders.
The court held a common issues trial to determine whether the presence of the SARS-CoV-2 virus or government lockdown orders could cause 'physical loss or damage to property' within the meaning of the policies.
The court concluded that the virus does not physically alter or damage inanimate surfaces, and that the loss of use of the premises due to government orders does not constitute physical loss or damage.
Consequently, the court answered the certified common issues in the negative, finding no coverage under the business interruption provisions.
Leave to appeal granted regarding the exclusion of certain purchasers from the certified class.
The plaintiffs brought a motion for leave to appeal an order excluding from the class for certification persons who claim damages for purchases of packaged bread directly or indirectly sold by a defendant producer without being resold by a defendant retailer.
The Divisional Court granted the motion for leave to appeal on this issue and reserved costs to the panel hearing the appeal.
Motion for leave to appeal dismissed with costs of $15,000 awarded to the plaintiffs.
The defendants brought a motion for leave to appeal an order of Morgan J. dated December 31, 2021.
The Divisional Court dismissed the motion for leave to appeal.
Costs were awarded in favour of the plaintiffs in the amount of $15,000 all inclusive, payable jointly and severally by the defendants.
Tribunal imposes disgorgement, administrative penalties, and market bans for fraudulent diversion of solar fund investments.
Following a merits decision finding that the respondents engaged in fraudulent conduct by diverting $234,864.04 from a solar energy fund contrary to its offering memorandum, the Capital Markets Tribunal held a hearing to determine sanctions and costs.
The Tribunal ordered disgorgement of the diverted funds, imposed administrative penalties totaling $476,000, and ordered the respondents to pay $112,500 in costs.
The Tribunal also imposed permanent market bans on the respondents, subject to limited carve-outs for personal trading and acting as directors of specific private family companies.
The Court of Appeal quashed an appeal of a class certification order, finding it was a procedural order governed by the former Class Proceedings Act.
The Court of Appeal for Ontario heard motions to quash an appeal of a class certification order in a price-fixing conspiracy case involving packaged bread.
The plaintiffs (appellants) argued the certification order, which defined the class, effectively dismissed claims of excluded persons and was thus a final order appealable under the Courts of Justice Act.
The defendants (moving parties) contended it was a certification order governed by the Class Proceedings Act (CPA) and that, under the CPA's transitional provisions, the appeal should lie to the Divisional Court with leave.
The court found the certification order was a procedural order, not a final one, as it did not decide the ultimate merits of any claim.
Consequently, the appeal provisions of the CPA applied.
Furthermore, the court determined that the pre-2020 amendments to the CPA governed the appeal because the original proceeding was commenced before the amendments came into force.
The appeal to the Court of Appeal was therefore quashed.
Terms of class action certification order settled regarding alleged packaged bread price-fixing conspiracy.
The court held a case conference to settle the terms of a certification order following a decision to certify a class action regarding alleged price-fixing of packaged bread.
The court reviewed competing draft orders and approved the producer defendants' draft with specific amendments, including adjustments to the definition of packaged bread, the class definition, and the retention of constructive trust as a common issue.
Motion for joint adjudication of overlapping COVID-19 business interruption insurance claims dismissed to preserve individual plaintiffs' rights.
The defendants in a certified class action regarding COVID-19 business interruption insurance claims brought a motion seeking joint adjudication and common case management of common questions across approximately 79 overlapping proceedings.
The motion was opposed by several plaintiffs in individual actions who wished to proceed independently.
The court dismissed the motion, affording deference to a prior case management decision that declined to stay the individual actions, and finding that forcing joint adjudication would inappropriately undermine the plaintiffs' right to opt out of the class proceeding and cause undue delay.
Class action for packaged bread price-fixing certified against producers and retailers, but umbrella claims and claims against parent companies dismissed.
The plaintiffs brought a motion to certify a class action against major producers and retailers of packaged bread, as well as their parent companies, alleging a 16-year price-fixing conspiracy.
The court certified the action against the producer and retailer defendants on behalf of direct and indirect purchasers of packaged bread.
However, the court refused to certify the claims against the parent companies, finding no material facts pleaded to support their involvement.
The court also refused to certify claims on behalf of 'umbrella purchasers' (those who bought fresh bread or packaged bread from non-defendants), finding no plausible methodology to prove that the price-fixing of packaged bread caused an actionable increase in the prices of those non-competing or diverse products.
Contractual full indemnity costs provision does not override court's discretion to fix fair and reasonable costs.
Following a successful application regarding a restructuring support agreement, the applicants sought full indemnity costs of approximately $1.18 million based on a contractual covenant.
The respondents argued for partial indemnity costs.
The court held that while the contractual provision for full indemnity was an important factor, it did not override the court's discretion to fix an amount that is fair and reasonable.
Finding the hours docketed by the applicants' counsel excessive for a one-issue case, the court awarded a global all-inclusive costs amount of $800,000.
Lenders have unilateral right to extend the Outside Date in restructuring support agreement.
The applicants sought a declaration regarding the interpretation of the 'Outside Date' in a restructuring support agreement.
The respondent, a cannabis company, argued that any extension of the Outside Date required its initiation or consent.
The court found that the plain and ordinary meaning of the agreement allowed the lenders to automatically extend the Outside Date upon their written consent, acting reasonably, without the need for the respondent's consent.
The court granted the declaration sought by the applicants.
Motion for leave to intervene dismissed as proposed intervener lacked direct interest in private commercial dispute.
The proposed intervener, a shareholder of the respondent corporation and leader of an investor group, brought a motion for leave to intervene as an added party in an application concerning the extension of an outside date for a recapitalization transaction.
The court dismissed the motion, finding that the proposed intervener's financial interest in the outcome did not constitute a direct interest in the subject matter of the private commercial dispute.
Furthermore, the court held that the proposed intervener's intended evidence regarding foreign regulatory law would not make a useful contribution to the resolution of the proceeding.