Legal Feeds Blog
Congratulations to all the participants who have been instrumental in helping Canada raise mo' than any other country in the world — for the second year in a row — during the Movember campaing for prostate cancer research and men's mental health.
This year’s intake of students in McGill’s faculty of law formed a team under the leadership of Tim Apedaile. The team, referred to as “Mo’tion to Dismiss” is comprised of 36 members, some of whom are pictured here.
The Canucks brigade from the University of Ottawa law school were motivated to grow some mos. Photo: Tim Tam.
These gentlemen law students from the University of Ottawa show us how to mo. Photo: Tim Tam.
The University of Manitoba’s Robson Hall had a team of 13 law students growing mos this year.
Second-year JD student at the University of Manitoba’s Robson Hall Michael Cashion is one of the top law student fundraisers in Canada.
First-year Windsor University law student Jason Sitt was crowned King of Movember at his school. Photo: Evan Bawks
Windsor Law student Mike Maher now has a bristly upper lip to go with his full head of hair. Photo: Evan Bawks
Mo bros and sistas at the University of Windsor sport their “moustaches” in support of Movember. Photo: Evan Bawks
Farris Vaughan Wills & Murphy LLP’s Mo Bros were split between its Kelowna and Vancouver offices. The Kelowna team sent along their photo but unfortunately the Vancouver bros were more camera shy.
The crew from Norton Rose Canada’s Calgary office ham it up for Movember.
McMillan LLP lawyers from across the country joined in to the facial hair-growing frenzy. Here's the Calgary section of the McStaches.
Alexandre Forest was the lone McStache at McMillan LLP's Montreal outpost.
There seems to be a theme going on with McMIllan's Ottawa McStaches.
The Toronto office McStaches seem to be pretty casual about the whole affair.
McMillan's Vancouver office with some serious Mos on their members of team McStaches.
|The Sino-Forest class action settlement is the largest by an auditor in Canadian history. (Photo: Reuters/Xavier Ng)|
The settlement is the largest by an auditor in Canadian history and is one of the largest-ever auditor settlements worldwide.
“We are proud of this historic settlement,” said plaintiff’s counsel Dimitri Lascaris of Siskinds LLP, “it provides direct and immediate benefits to the class members.”
“Our clients are pleased with this result and we look forward to aggressively prosecuting the action against the remaining defendants,” said Koskie Minsky LLP’s Kirk Baert, who also represented plaintiffs in the class.
The OSC alleges Ernst & Young breached the Ontario Securities Act by failing to conduct its audits in accordance with relevant industry standards. The audits related to the 2007, 2008, 2009, and 2010 consolidated financial statements of Sino-Forest.
“Our investigation into Sino-Forest is a complex international investigation, and a major focus has been on whether gatekeepers such as auditors and other corporate advisors properly performed their role in protecting investors,” said Tom Atkinson, director of enforcement with the OSC. “Investors rely on auditors to conduct their audits in accordance with professional standards, particularly when foreign companies are listing on Canadian exchanges. If auditors fail to abide by Canadian auditing standards and securities laws, we will hold them accountable.”
The OSC alleges E&Y failed to perform sufficient audit work to verify the ownership and existence of Sino-Forest’s most significant assets; and failed to undertake audit work on Sino-Forest with a sufficient level of professional skepticism.
On May 22, 2012, the OSC issued allegations of fraud against Sino-Forest and former senior executives. Those proceedings are ongoing.
“The OSC Allegations against Ernst & Young LLP are not unexpected in light of Tom Atkinson’s prior statements that OSC Staff intended to focus future enforcement efforts on gatekeepers,” says Janice Wright, a partner with Rueter Scargall Bennett LLP.
Wright says the OSC’s allegations against E&Y could trigger a greater focus on all professional services firms providing audit functions.
“This case most certainly will increase pressure on all gatekeepers, who will now become aware of the alleged so-called standard of ‘professional skepticism.’ I do note that, at least at this juncture, the OSC has chosen to make allegations against the firm but has not named any individuals.”
That said, it’s not out of the realm of possibility that the investigation could broaden in the future, adds Wright.
“The OSC has stated publicly that at this time it does not intend to initiate further allegations against additional parties in the Sino-Forest matter. But it has also stated that its investigation is on-going. So one cannot say unequivocally that further allegations are out of the question, but based on the evidence the OSC currently has no further allegations are pending at this time.”
The litigation continues against former Sino-Forest CEO Allen T.Y. Chan, and others including BDO Ltd, Credit Suisse Securities (Canada), Inc., TD Securities Inc., Dundee Securities Corp., RBC Dominion Securities Inc., Scotia Capital Inc., CIBC World Markets Inc., Merrill Lynch Canada Inc., Canaccord Financial Ltd., Maison Placements Canada Inc., Credit Suisse Securities (USA) LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Advocates hope courts take animal cruelty charge seriously in death of dog beaten, left in dumpster, Vancouver Sun
Ford in office until appeal OK by opposition lawyer, The National Post
Trump hotel buyers bring lawsuit against Trump, developers, Toronto Star
Judge in California temporarily blocks landmark law barring gay conversion therapy, Reuters
U.S. Supreme Court relists gay marriage cases for later in the week, may defer action again, Reuters
Top U.N. human rights official urges Iran to free hunger-striking lawyer, Reuters
Chinese legal system has no law to follow: blind China dissident after nephew beaten, jailed, Reuters
Wagner is the son of Claude Wagner, a Quebec lawyer, prosecutor, judge, cabinet minister, federal Conservative leadership candidate, senator, who gave him much inspiration. He paid tribute to his father at yesterday's cermony.
“His generosity and noble spirit always inspired me to follow in his steps. He will always be my hero,” Wagner said at the formal gathering at the Supreme Court.
Wagner, 55, was elevated to the top court from Quebec Court of Appeal. He replaces Justice Marie Deschamps who retired in August.
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