October 27, 2023

The never-ending debate about material changes in securities law, Canadian Lawyer

Neill May is a contributor to Canadian Lawyer magazine. This article first appeared in the October 2023 issue.

Excerpt from "The never-ending debate about material changes in securities law":

Even the greatest contemporary philosophers can sometimes fail to shed light on life’s vexing challenges. As you likely anticipate, I'm speaking of Rocky Balboa, the known fictional pugilist and visionary, who said at the end of Rocky IV, “If I can change…you can change…everybody can change!” What that wise theorist neglected to tackle are the obvious questions for even casual fans of securities law, namely, when is a change a change, and in what circumstances is it so material that it warrants disclosure?

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