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Appeal Court appoints special five-judge panel to reconsider Timminco ruling.
Appeal Court appoints special five-judge panel to reconsider Timminco ruling.
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Panel to reconsider three-year time limit in shareholder suits

Shareholders who launch class actions against companies that they believe misrepresent financial results got a bit of good news on Wednesday when the Ontario Court of Appeal agreed to revisit a controversial ruling that imposed a strict deadline on this kind of lawsuit.

In a surprise move, the court said it would appoint a five-judge panel to reconsider its decision last year in the Timminco Ltd. case that imposed a three-year time limit for plaintiffs to win the special leave required from a judge for this type of case to proceed.