January 29, 2018. The Firm was approached investors in a private placement offered by a small Toronto-based company. They allege that they were mislead as to management’s intention to co-invest and how the funds were going to be used. Among the claims that were certified, the investors are seeking the return of their capital plus…
Read MoreJanuary 2, 2018. Morganti & Co., P.C. has announced that it has increased first year associate base-salaries to $100,000, and has adopted a five-year track to become a principal at the Firm. Eli Karp, the Firm’s newly elected principal and director, adds that the new compensation structure reflects a continued and thorough commitment to recruiting…
Read MoreDecember 20, 2017. In Paniccia v. MDC Partners, Inc., et al, 2017 ONSC 7298, the Ontario Superior Court dismissed the defendants’ attempt to restrict the investor class to investors that purchased the shares domestically on the Toronto Stock Exchange. Justice Perell agreed with the investors, and in doing so found the defendants’ expert Professor John…
Read MoreDecember 20, 2018. Morganti & Co., P.C. announces that the Ontario Divisional Court has denied the defendants’ motion to appeal Justice Belobaba’s decision granting the investors leave to proceed to advance to trial asserting their provincial Securities Act claim found at Wong v. Pretium Resources Inc., et al., 2017 ONSC 3361. The Courts have concurred…
Read MoreJanuary 8, 2018. The Ontario Superior Court of Justice released an order certifying a claim against Hycroft Mining Corporation (“Hycroft”) on behalf of all investors that purchased Hycroft’s pursuant to the May 9, 2013 secondary public offering. Lawyers Eli Karp and Hadi Davarinia are advancing the proceeding into discovery towards a trial of the common…
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