Celestica Inc. (2005-2007 Restructuring), December 4, 2015

December 4, 2015

The Supreme Court of Canada allowed Celestica’s appeal, finding that the statutory cause of action asserted on behalf of purchasers of Celestica’s securities on the secondary market pursuant to Part XXIII.1 of the Ontario Securities Act is time-barred and that neither the doctrine of nunc pro tunc nor the doctrine of special circumstances could revive the action. Class counsel continue to consider the implications of the decision.

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