On March 26, 2026, the Superior Court of Justice in Ontario granted class certification and a default judgment in a Canadian class action lawsuit involving Wayland Group Corp. When discussing primary and secondary market damages in this matter, the Court credited the expert submissions of Mr. Edwards of CE Fiancial Economics, Inc., stating:
“The sworn evidence of Gregg Edwards of CE Financial Economics, Inc., a well-recognized expert in market efficiency, loss causation, and class-wide damages whose evidence has been accepted in several dozen securities class actions in the U.S., Australia, and Canada, provides solid evidentiary grounding for the Plaintiffs’ damages claim on behalf of the class… Edwards’ evidence is uncontroverted and credible. [Defendant’s] conduct in authorizing the misrepresented public statements was wilful and, therefore, the damages caused by that conduct are not subject to any ceiling. The class is entitled to damages as Mr. Edwards has presented and calculated them.”
For more information on this class action, click here.
