Canadian Judge Denies Imax Appeal Of Class Cert.

Law360, New York (February 16, 2011, 5:47 PM EST) -- A landmark Canadian securities class action against Imax Corp. has survived yet another challenge following an Ontario judge's refusal to let the company appeal a previous class certification order.

Justice David L. Corbett of the Ontario Superior Court of Justice on Monday ruled that a 14-month-old ruling allowing for the certification of a global class of investors in the Imax case under the 2005 Ontario Securities Law was proper and that Imax had no grounds to appeal that decision.

Imax argued that the December 2009 decision...
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