Information Technology
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November 28, 2024
Proposed securities class action filed regarding alleged misrepresentation of $200M
A proposed securities class action has been filed against Exro Technologies Inc., a clean technology company for electric vehicles, arising from a merger transaction that allegedly misrepresented projected information of over $200 million in revenue for 2024.
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November 28, 2024
Competition Bureau moves against Google for alleged anti-competitive conduct in online advertising
Alleging that Alphabet’s Google has engaged in anti-competitive conduct in online advertising technology, Canada’s Competition Bureau is asking the Competition Tribunal to order Google to sell two of its advertising technology tools — the company's publisher ad server, DFP, and its ad exchange, AdX — and to direct Google to pay an administrative monetary penalty equal to three times the value of the benefit Google derived from its alleged anti-competitive practices (or if that amount cannot be reasonably determined, three percent of Google’s worldwide gross revenues).
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November 28, 2024
AI washing: Regulator urges accurate disclosures by issuers
Artificial Intelligence (AI) has rapidly emerged as a transformative force in the investment landscape, with growing interest from investors eager to engage with companies that leverage AI technologies. As issuers increasingly highlight their use of AI to attract capital, issuers are also prone to exaggerating or inflating AI capabilities in continuous disclosure (CD) documents that can undermine transparency, mislead investors and could lead to sanctions by relevant regulatory authorities against the offending issuers.
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November 27, 2024
Proposed settlement reached by federal non-union workers affected by faulty Phoenix pay system
A proposed out-of-court settlement has been reached with the federal government to compensate casual and non-unionized federal employees who were impacted by the Phoenix pay system’s various payroll issues.
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November 27, 2024
Law360 Canada Pulse survey: what lawyers really think about their profession
Find out what lawyers really think about their profession in Law360 Canada Pulse’s Lawyer Satisfaction Survey.
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November 26, 2024
Anti-money laundering fines reached record level in past year, says FINTRAC annual report
Fines issued against Canadian financial institutions, businesses and individuals for violating anti-money laundering laws and regulations reached a record $26.1 million during the 2023-24 fiscal year, according to Canada’s anti-money laundering watchdog.
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November 26, 2024
Competition Bureau obtains court order as part of probe into fintech giant Broadridge
The Competition Bureau has obtained a Federal Court order to access corporate information as part of an investigation into Markham, Ont.-based financial technology firm Broadridge Software Ltd.
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November 26, 2024
Law360 Canada Pulse survey: stress remains significant issue for lawyers
A recent survey of the legal profession is showing high levels of satisfaction with things like collegiality and collaboration at their firms and opportunities for advancement, but there is one issue that continues to remain a problem and has no easy fix — stress.
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November 25, 2024
Ottawa announces joint project with Interpol to fight international auto theft
The federal government says it has entered into a three-year, $3.5 million partnership with the international police organization Interpol to help fight transnational auto and auto parts theft involving organized criminal groups.
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November 25, 2024
Law360 Canada Pulse survey: majority of lawyers say they are satisfied with their jobs
A recent survey of lawyers is indicating overall satisfaction with many aspects of the profession, despite some lingering concerns about things like stress and compensation.