Embarrassing behaviours and corrective disclosures
|Area||Corporate Finance and Securities|
Article originally published in the Canadian Lawyer Magazine, January 2016
Excerpt from "Embarrassing behaviours and corrective disclosures":
Securities law is moving along the same arc, adapting to changing technologies and, equally and perhaps more importantly, evolving behaviours. This development is clearly reflected in the recent decision of the Ontario Superior Court of Justice in Mask v. Silvercorp Metals Inc. The facts of that case touch on many issues of contemporary relevance for followers of Canadian capital markets activities: a resource issuer, publicly traded in Canada but whose property interests are located entirely in distant geographic areas, relying on local experts in those jurisdictions, and finding the trading in its securities affected by commentary disseminated by external sources, including short-sellers.