Canada Court Allows Investors to Sue Lundin Mining for Late Disclosure

Canada’s top court has ruled that investors can sue Vancouver-based Lundin Mining Corp. for failing to disclose that a rockslide took place at one of its mines in Chile, affirming when public companies must share information with shareholders.

The Supreme Court of Canada on Friday set aside a lower court’s interpretation that narrowly defined “material information,” which would have prevented the investors from bringing a class action against Lundin alleging that the company waited too long to tell them about the rockslide.