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Canadian Hedge Fund Researcher Sues Silvercorp Over False Imprisonment in China
A researcher for a Canadian hedge fund manager who claimed that ore estimates at a Chinese Mine owned by Silvercorp Metals were overstated and misrepresented has filed a lawsuit accusing the mining company of conspiring with Chinese authorities to have him arrested and detained. Kun Huang was stopped at the Bejing airport by Chinese authorities in…
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Morganti Legal, P.C.: Canadian Shareholder Files A Lawsuit Against Allied Nevada Gold Corporation
TORONTO–(BUSINESS WIRE)–Morganti Legal, P.C., announces that investors have filed a shareholder lawsuit against Allied Nevada Gold Corporation (TSX: “AVN”) for publishing press release containing alleged Misrepresentations and failing to disclose Material Facts about its business operations concerning its Lewis Leach Pad between January 18, 2013 and August 5, 2013. The investors’ mining expert has been…
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Shareholders allege that Detour Gold Corporation made Misrepresentations
Morganti Legal, P.C., (May 12, 2014) announces that investors have filed a shareholder lawsuit against Detour Gold Corporation (“Detour Gold” or the “Company”) (TSX: “DGC”) for publishing press releases containing alleged misrepresentations and failing to disclose Material Facts about its business operations between April 9, 2013 and November 7, 2013. The investors’ mining experts have…
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Andrew Morganti Lectures at the University of Michigan School of Law
Tuesday, February 18, 2014 Cy Moscow, partner of leading Detroit-based law firm Honigman Miller Schwartz & Cohn LLP, and adjunct professor at University of Michigan School of Law, has invited Andrew Morganti to lecture to third-year students in his advanced securities regulations course on the topic of shareholders’ rights litigation from the perspective of the…
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Ontario Court of Appeal Upholds Access to Justice by Clarifying the Limitations Period for Investors to Seek Damages Against Companies
Tuesday Feb 4, 2014 On February 3, 2014, the Ontario Court of Appeal released its decision in three shareholder class proceedings claiming damages under Part XXIII.1 of the Securities Act(1) for misrepresentations alleged to have been made in respect of shares trading in the secondary market. In Green v. CIBC(2) , a specially convened five-judge panel unanimously…
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Law Office of Andrew Morganti, JD, LL.M. announces the filing of a securities manipulation claim against Pretium Resources, Inc
Tuesday, October 29, 2013 The Law Office of Andrew Morganti, JD, LL.M., was retained by a Toronto-based Family Office to lodge an Ontario Securities Act s.138.3 claim against Pretium Resources Inc. The investor is seeking class action status. The claims alleges that Pretium Resources Inc. and Snowden Mining Industry Consultants Ltd. misrepresented the quality of…
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Ontario Court denies BP, plc’s motion to dismiss for lack of jurisdiction
During the relevant time period, BP plc purposely availed itself to the Ontario Securities Act regime by registering itself to be a “reporting issuer.” Although BP de-listed its securities from the Toronto Stock Exchange and ceased being a reporting issuer, BP made an expressed commitment to continue to provide its Canadian-based investors with its investor…
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Law Office of Andrew Morganti, JD, LL.M. announces that the Amended Statement of Claim against BP p.l.c. was issued
After harvesting evidence that BP published core documents with misrepresentations about its IEP, OMS, and OSRP, as well as its clean-up efforts of the Deepwater Horizon explosion and related oil spill, Plaintiff issued a Fresh as Amended Statement of Claim. Importantly, Plaintiff now focuses on when BP was a “reporting issuer” under the relevant provincial…
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Morganti Legal, P.C. partners up with Morgan & Morgan, P.C. to represent consumers that purchased imported vehicles and paid a destination charge
This lawsuit is brought as a class action against many of the largest transocean shipping companies that ship millions of vehicles that are manufactured overseas and imported into United States. The claim alleges that since October 2008 the shipping companies engaged in a conspiracy to fix, raise, maintain and/or stabilize prices, and allocate the market…
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Client alleges that Detroit-based Metro International Trade Services LLC manipulated the aluminum market in North America
Michigan-based scrap metal dealership retained Morganti Legal, P.C. to lodge an monopolization claim against Metro International Trade Services LLC for abusing its market power in the warehousing of London Metal Exchange approved brands of aluminum in North America resulting aluminum in the spot market being over priced. The action is styled as VIVA Railings LLC…
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Andrew Morganti to Lecture at the 2013 Law and Legal Education in the Americas: Comparative Perspectives Conference
University of Detroit Mercy School of Law, University of Windsor, and Tecnologico de Monterrey, partners in international dual law degree programs, are hosting an international legal education conference focused on social justice, professionalism, and cross-border commercial law. Andrew Morganti with guest Luciana Brasil, of Branch MacMasters LLP, are providing their insight on the evolution of…
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Law Office of Andrew Morganti, JD, LL.M. announces the filing of a securities manipulation claim against Silvercorp Metals, Inc.
The Law Office of Andrew Morganti, JD, LL.M., was retained by a former corrections officer and an European-based Family Office to lodge an Ontario Securities Act s.138.3 claim against Silvercorp Metals Inc. The investor is seeking class action status. The claims alleges that Silvercorp Metals Inc. misrepresented the quality of the ore at its primary…
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Siskinds LLP, Koskie Minsky LLP and the Law Office of Andrew Morganti announce filing of a proposed class action against Atlantic Power Corporation
LONDON, ON and TORONTO /CNW/ – Siskinds LLP, Koskie Minsky LLP and the Law Office of Andrew Morganti today announced the filing in the Ontario Superior Court of Justice of a proposed class action against Atlantic Power Corporation (TSX: “ATP” NYSE: “AT”), and certain of the company’s senior officers. The proposed class includes all persons…
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Study finds Private Securities Actions are more effective than SEC Investigations
Professors Stephen J. Choi and A.C. Pritchard have recently published a study finding that private securities litigation provides as a greater deterrent effect on securities fraud than do SEC investigations — when only one or the other has been filed. The study also finds that the best outcome for investors is when there are parallel…
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Korean Air Lines Co., Ltd. pays U.S. consumers Tens-of-Millions to settle claims of price-fixing surcharges
The U.S. Federal District Court for the Central District of California announced that Korean Air Lines Co., Ltd. settled charges of price-fixing fuel surcharges lodged by U.S. consumers. Judge S. James Otero has ordered that the parties attend a hearing on March 25, 2013 to explain the settlement. On behalf of Canadian consumers, Law Office…