Endnotes

[1]              Standing Senate Committee on Banking, Trade and Commerce, Joint and Several Liability and Professional Defendants: Options Discussion Paper (Ottawa: Senate Committee) [Options Discussion Paper]

[2]               R.S.C. 1985, c. C-44, Bill S-11, cl. 115, adding part XIX.1 (ss.237.1 to 237.9) [CBCA].

[3]           R.S.O. 1990, c. S. 5 [OSA].

[4]           CBCA, s. 237.3(1).

[5]               CBCA, s. 237.1.

[6]               CBCA, s. 237.4(1).

[7]               CBCA, s. 237.3(4).

[8]               CBCA, s. 237.5(1).

[9]               CBCA, s. 237.5(2).

[10]             O.S.A. s, 138.3.

[11]             Court File CV-06-3257-00.

[12]             Mark Berenblut & Bradley A. Heys, “Trends in Canadian Securities Class Actions: 2009 Update” (January 2010)1, online: NERA Economic Consulting <http://www.nera.com>.

[13]             Ibid at 9.

[14]             Ibid at 7.

[15]             The claims against CIBC account for $10 billion of this total.

[16]             Supra note 12 at 1.

[17]             Ibid at 8.

[18]             Ibid.

[19]           [1997] 2 S.C.R. 165.

[20]          (2004) OJ No 1765.

[21]             Pub. L. No. 104-67, 109 Stat. (1995).  The Act became law on December 22, 1995 when Congress overrode the then-President’s veto.

[22]             Supra note 1 at 18.

[23]             U.K., Department of Trade and Industry, Professional Liability: Report of the Study Teams.

[24]                Chartered Accountants of Ontario “The Need for Legal Liability Reform” PPT  http://www.icao.on.ca/Public/LiabilityReform/1009page6071.pdf  at 13, accessed January 2008. 

[25]             Ibid  at 17.