The Financial Post reports on a new paper, jointly released by ILR and the Canadian Chamber of Commerce, that finds a significant uptick in the number of class actions being filed in Canada.
The report argues that the low standard for class certification set by Canadian judges makes it too easy to file superfluous lawsuits. It also finds that the innovation of third-party insurance—which protects plaintiffs’ losses if they bring unsuccessful litigation—is a major contributor to the rise of class actions in the country.
ILR’s President Lisa A. Rickard recently noted the dangers of this trend. “By removing financial risk for claimants and law firms,” said Rickard, “We feel they are encouraging even riskier claims.”
For the full story, read here.