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Farris LLP: Vancouver's Law Firm

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25 September 2008

Trevor Scott Releases Public Company Bulletin

Trevor Scott, a partner at Farris, has released a Corporate Bulletin titled The Right to Sue Public Companies for Misleading Public Disclosure Comes to British Columbia. On July 8, 2008, new laws came into force in British Columbia that give investors the right to sue public companies, their directors and officers, and certain others when there is misleading information in a publicly disclosed document or a public oral statement, or when there is a failure to make timely disclosure of material changes in the affairs of a company. These new laws harmonize the law in British Columbia with laws already in force in all of the other provinces of Canada. Those associated with public companies should ensure proper measures are taken to protect their company and themselves from these laws. To download a copy, download the PDF file here.

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