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Stock impact report

Ontario courts throw open the doors for global securities class actions [Investment Executive - News]

Canadian Solar Inc. - Common Shares (CSIQ) 
Last canadian solar inc. - common shares earnings: 3/26 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.canadiansolar.com
Capital markets are global — Canadians wish to invest in foreign companies and foreign companies wish to raise capital from Canadians. When disclosure is incomplete or misleading, the legal response in Canada — unlike the U.S. — can be global too. A shareholder who bought on a U.S. exchange can still sue in a Canadian class action, and an asset manager may need to evaluate recovery options in more than one jurisdiction. Shareholder rights in the U.S. are more geographically constrained. Specifically, investors can only seek recovery in U.S. federal court for losses related to shares purchased on a U.S. exchange. In , 561 U.S. 247 (2010), the U.S. Supreme Court adopted a bright-line, transaction-based limit on the reach of U.S. federal securities law, limiting its reach to, “the use of a manipulative or deceptive device or contrivance only in connection with the purchase or sale of a security listed on an American stock exchange, and the purchase or sale of any other security in Show less Read more
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