Court Of Appeal Summaries (September 1 ' September 5)

• Published date: 09 September 2025
• Law Firm: Blaney McMurtry LLP
• Author: John Polyzogopoulos

Table of Contents

Civil Decisions

Terry Longair Professional Corporation v. Akumin Inc., 2025 ONCA 606

Keywords: Securities, Secondary Market Misrepresentations, Public Corrections, Torts, Negligent Misrepresentation, Civil Procedure, Class Proceedings, Standard of Review, Leave to Commence Proceedings, Certification, Securities Act, R.S.O. 1990, c. S.5, ss. 130.1, 138.3(1), 138.5(1), (2) and (3) and 138.8(1), Class Proceedings Act, 1992, S.O. 1992, c. 6, s. 5(1), Badesha v. Cronos Inc., 2022 ONCA 663, Housen v. Nikolaisen, 2002 SCC 33, Peters v. SNC-Lavalin Group Inc., 2023 ONCA 360, Drywall Acoustic Lathing and Insulation (Pension Fund, Local 675) v. Barrick Gold Corporation, 2024 ONCA 105, Mask v. Silvercorp Metals Inc, 2016 ONCA 641, Lochan v. Binance Holdings Limited, 2025 ONCA 221, Drywall Acoustic Lathing and Insulation, Local 675 Pension Fund v. Barrick Gold Corporation, 2021 ONCA 104, Baldwin v. Imperial Metals Corporation, 2021 ONCA 838, Baldwin v. Imperial Metals Corporation, 2021 ONCA 838, Ironworkers Ontario Pension Fund (Trustee of) v. Manulife Financial Corp., 2013 ONSC 4083, Theratechnologies Inc. v. 121851 Canada Inc., 2015 SCC 18, Canadian Imperial Bank of Commerce v. Green, 2015 SCC 60, Hollick v. Toronto (City), 2001 SCC 68

Lagana v. 2324965 Ontario Inc., 2025 ONCA 607

Keywords: Corporations, Audited Financial Statements, Oppression, Compliance Orders, Civil Procedure, Limitation Periods, Limitations Act, 2002, S.O. 2002, c. 24, Sched. B, s. 1, s. 4, Business Corporations Act, R.S.O. 1990, c. B.16, s. 149(8), s. 253(1), s. 153(1), s. 154, s. 148, s. 245, Condominium Act, 1998, S.O. 1998, c. 19, Insurance Companies Act, S.C. 1991, c.47, Jeffery v. London Life Insurance Company, 2011 ONCA 683, Packall Packaging Inc. v. Ciszewski, 2016 ONCA 6, Krandel v. 1714176 Ontario Ltd., 2014 ONSC 4615, Waterloo North Condominium Corp. v. Silaschi, 2012 ONSC 5403, Middlesex Standard Condominium Corp. No. 643 v. Prosperity Homes Ltd., 2014 ONSC 1406, Metropolitan Toronto Condominium Corporation No. 1328 v. 2145401 Ontario Inc., 2019 ONCA 944, Waterloo Standard Condominium Corp. No. 399 v. Lee et al., 2023 ONSC 3807

Short Civil Decisions

Furney v. TT5 Inc., 2025 ONCA 610

Keywords: Civil Procedure, Vexatious Litigation, Costs, Rules of Civil Procedure, r 2.1.01

CIVIL DECISIONS

Terry Longair Professional Corporation v. Akumin Inc., 2025 ONCA 606

[Copeland, Monahan, Rahman JJ.A.]

Counsel:

E.N. Kolers, D.S. Murdoch and B.A.S. Davis, for the appellants

P. Guy and G. Myers, for the respondent

Keywords: Securities, Secondary Market Misrepresentations, Public Corrections, Torts, Negligent Misrepresentation, Civil Procedure, Class Proceedings, Standard of Review, Leave to Commence Proceedings, Certification, Securities Act, R.S.O. 1990, c. S.5, ss. 130.1, 138.3(1), 138.5(1), (2) and (3) and 138.8(1), Class Proceedings Act, 1992, S.O. 1992, c. 6, s. 5(1), Badesha v. Cronos Inc., 2022 ONCA 663, Housen v. Nikolaisen, 2002 SCC 33, Peters v. SNC-Lavalin Group Inc., 2023 ONCA 360, Drywall Acoustic Lathing and Insulation (Pension Fund, Local 675) v. Barrick Gold Corporation, 2024 ONCA 105, Mask v. Silvercorp Metals Inc, 2016 ONCA 641, Lochan v. Binance Holdings Limited, 2025 ONCA 221, Drywall Acoustic Lathing and Insulation, Local 675 Pension Fund v. Barrick Gold Corporation, 2021 ONCA 104, Baldwin v. Imperial Metals Corporation, 2021 ONCA 838, Baldwin v. Imperial Metals Corporation, 2021 ONCA 838, Ironworkers Ontario Pension Fund (Trustee of) v. Manulife Financial Corp., 2013 ONSC 4083, Theratechnologies Inc. v. 121851 Canada Inc., 2015 SCC 18, Canadian Imperial Bank of Commerce v. Green, 2015 SCC 60, Hollick v. Toronto (City), 2001 SCC 68

facts:

The appeal arose out of alleged misrepresentations made by the appellant corporation, Akumin Inc. ("Akumin"), in certain of its public disclosure documents and financial statements (collectively the "Impugned Statements"). The respondent sought certification of a class proceeding under ss. 130.1 and 138.3 of the Securities Act (the "SA"), as well as for common law negligent misrepresentation, on behalf of persons who purchased Akumin securities between May 15, 2019 and November 15, 2021, other than: (i) persons who acquired secured notes in the primary market in a distribution outside of Canada; and (ii) persons who sold all of their Akumin securities prior to August 15, 2021.

The respondent was a former shareholder of Akumin who purchased common shares on the secondary market. He alleged that the Impugned Statements misstated (among other things) Akumin's revenue, accounts receivable and net book value of property, plant and equipment ("PP&E) in 2019, 2020 and 2021, respectively; that these misstatements were "material" as defined in the SA; and that Akumin publicly corrected the misstatements in its disclosures on August 15, October 12, November 8 and November 15, 2021 (collectively the "Disclosures").

The motion judge granted leave to the respondent to proceed with his claim under s. 138.3(1) of the SA for secondary market misrepresentation (the "Leave Order"), and certified as a class proceeding pursuant to s. 5(1) of the Class Proceedings Act (the "CPA") the following claims: (i) the respondent's claim for secondary market misrepresentation under s. 138.3(1); (ii) his primary market misrepresentation claim under s. 130.1 of the SA; and (iii) his common law negligence claim (the "Certification Order"). The appellants appealed both the Leave Order and the...