Legal news and trends for Canadian in-house counsel and c-suite executives
Issue link: https://digital.canadianlawyermag.com/i/1181006
BUSINESS NEWS At Sherrard Kuzz LLP we collaborate with our clients to anticipate and avoid human resources problems. We know proactive steps today will prevent Murphy's Law tomorrow. From human rights to health and safety, and everything in between… If you're an employer, we're the only call you need to make. 24 HOUR 416.420.0738 sherrardkuzz.com | 416.603.0700 250 Yonge St #3300, Toronto, ON M5B 2L7 @sherrardkuzz SCC certifies class action against tech giants The SCC approved certification in a price- fixing class action against two major electronics manufacturers and found umbrella purchasers have a claim under the Competition Act. Lower courts have been waiting for the decision to inform class action certifications before them and the ruling also clarifies limitation periods for the discoverability rule. In Pioneer Corporation, et al. v. Neil Godfrey and its companion case Toshiba Corporation, et al. v. Neil Godfrey, plaintiffs claim Pioneer, Toshiba and other companies conspired in a global cartel to gouge customers purchasing CDs, DVDS, Blu-Rays and other similar electronics. AltaGas agrees to sell interest in Central PennPipeline for $870 Million AltaGas has inked a definitive agreement to sell its interest in the Central Penn Pipeline to Meade Pipeline Investment LLC, a subsidiary of NextEra Energy Partners LP. The company expects the deal to close sometime in the fourth quarter of 2019. The company had set out to sell $2 billion worth of their assets in 2019 and Central Penn puts them $200 million over that mark, as they have completed or announced $2.2 billion for 2019. President and CEO of AltaGas Randy Crawford said the company has "increased financial flexibility" as well as "delevered" the company's balance sheet, according to a company press release. AltaGas is an energy infrastructure company. Thomas Kim appointed GC at Thomson Reuters Thomas Kim was named general counsel and company secretary of Thomson Reuters, based in its Toronto office. Having been tasked with more than a dozen legal, management and compliance roles, Kim has been with the company for 20 years, working in Hong Kong, Shanghai and Beijing. Prior to his new appointment, Kim oversaw the severing of the company's $7.9-billion financial data business Refinitiv. Kim will lead the company's global legal department, oversee government and regulatory affairs and lead the company secretariat.