(June 13, 2019). Morganti & Co. is honored and pleased to announce that it has, once again, been recognized by its peers for advancing securities law in the public interests for investors as reflected in Kauf v. Colt Resources, 145 O.R. (3d) 100 (S.C.).
This important decision clarifies the scope of what is and is not a “public corrective statement” for purposes of a securities claim. Here, the Court concluded that a statement can be both a misrepresentation and a partial corrective statement; a corporate defendant ought not to be able to benefit from carving out negative facts from news releases by conditioning the market with “storm warnings” opposed to providing full disclosure.
Morganti & Co., unlike many other corporate litigation law firms, is willing to fight for the micro-cap investor on a success fee basis.
The Firm’s other notable successes in advancing shareholders’ rights law are reflected in Wong v. Pretium Resources, 139 O.R. (3d) 353 (S.C.); Kaynes v. BP P.L.C., 133 O.R. (3d) 29 (C.A.); LBP Holdings Ltd. v. Allied Nevada Gold, 130 O.R. (3d) 401 (S.C.); Kaynes v. BP P.L.C., 122 O.R. (3d) 162 (C.A.); and Kaynes v. BP P.L.C., 117 O.R. (3d) 685 (S.C.)