MORGANTI & CO., P.C. x KIM SPENCER MCPHEE BARRISTERS P.C.

(December 16, 2020) Morganti & Co., P.C., is pleased to announce that effective January 1, 2021, it will integrate into Kim Spencer McPhee Barristers P.C. in order to continue and expand our Shareholder Litigation Practice.  “After a decade of mutual respect and desire to provide relentless representation to investors against multinational corporations that raise capital…

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“You can’t handle the truth!”

Markets go up.  Markets go down.  Investors beware?   An investor accepts the risks of normal business successes and failures; but investors should never accept the risk that a company is withholding adverse facts from investors.  Companies submit that they do not want to overwhelm investors with ordinary business operations that could cause confusion, so they decide…

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Investment Banks’ Responsibilities: Court of Appeal for Ontario endorses claim

(June 17, 2020) Today the Court of Appeal for Ontario (MacPerson, Pardu and Huscroft JJ.) released an Endorsement affirming the Divisional Court’s decision, dated January 6, 2020, concerning the responsibilities of investment banks and certifying that offering memoranda and prospectuses contain accurate information, to the best of their knowledge. Today’s decision affirms the reversal the…

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Former Newstrike Brands Ltd. investors lodge claim against HEXO CORP.

(February 14, 2020) Morganti & Co. has been retained by multiple investors that held shares of Newstrike Brands Ltd. (“Newstrike”) to advance a statutory and the related common law claim against HEXO Corp. The claim alleges that HEXO Corp. induced Newstrike investors to rely upon misrepresentations about HEXO Corp.’s Quebec Supply Agreement in making the…

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Appellant Court confirms that Underwriters have a duty of care to investors

(January 6, 2020) Ontario’s Divisional Court (Backhouse, D.L. Corbett, and Myers JJ.) released an important decision concerning the role of class proceeding claims in providing access to justice for investors against investment banks. Today’s decision reverses the motion court’s October 24, 2017 decision declining to certify a common law claim against underwriters Cormark Securities Inc….

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Settlement reached with the Stars Group, Inc.

(December 17, 2019) The law firms of Faguy & Co. Inc. (Montreal), and Morganti & Co., P.C. (Toronto), on behalf of investors that purchased The Stars Group Inc. (TSX: “TSGI”) (formerly known as Amaya Gaming) securities are pleased to announce that they have reached a settlement for CDN $30 million to resolve the claims against…

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Modern Times (1936): The investors are the victims

(October 3, 2019). None of us enjoy getting kicked in the face from an investment gone bad.  It hurts more when the investment goes bad when the company’s share price drops from an announcement admitting that before you made the investment it was already being investigated for accounting irregularities.  What about when Canadian courts, supported…

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