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CIVIL LIABILITY - Secondary market disclosure - Defences

Monday, May 07, 2018 @ 8:43 AM  

Appeal by the plaintiff from the dismissal of some of his claims as statute-barred. The appellant was the proposed representative plaintiff in a proposed class action. He sued the respondent on 14 alleged secondary market misrepresentations. Eleven of the alleged misrepresentations occurred more than three years before the action was commenced. The respondent brought a motion for a declaration that the appellant's claim was statute-barred pursuant to s. 138.14 of the Securities Act. The appellant argued that the claims based on those misrepresentations should not be...