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Class Actions in Canada Still Face Obstacles
Publication Date: 2009-09-09
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Recent legal developments in Canada have opened the door for investors to file U.S.-style securities class actions there. But a settlement in one province may not be binding in another. According to the Canadian publication Law Times, Canada's supreme court had a chance to rectify the problem earlier this year, but its ruling has been less than satisfying for lawyers on both sides of class actions.

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