Lundin Mining Corp. v. Markowich : This case was about the legal test an investor must meet to get permission to sue a company for not immediately disclosing events the investor considered to be changes. The decision upholds "the integrity of our capital markets, protecting against what could have been a significant decline in the quality of disclosure available to investors.”
Members of the media may directly contact:
Douglas Sarro (English only)
Assistant Professor, Faculty of Law - Common Law Section
Douglas.Sarro@uottawa.ca
Professor Sarro's research focuses on corporate law, securities regulation, and the relationships among innovation, law, and politics. He was heavily cited in the Supreme Court's decision on this case.
"This is a great day for our capital markets. The Supreme Court recognized that timely disclosure of material changes plays a vital role in fostering efficient markets and protecting investors. Importantly, this decision is in line with prior guidance from the Court, so public companies shouldn’t have to worry about having to change their disclosure approach in light of this decision."