A Cassels article on the Ontario Superior Court of Justice’s decision in LBP Holdings Ltd. v. Hycroft Mining Corporation was recently quoted by the National Post in the article “Judge Decrees Underwriters Don’t Owe a General Duty of Care to Investors.”
The article looks at the impact of the decision, quoting that it holds for the first that that “underwriters do not owe a duty of care to potential investors to perform due diligence or price securities in a particular way.”