Is a publicly traded company required to disclose material information or changes?
Newfoundland and Labrador, Canada
The following excerpt is from Anthony v. NPV Management Ltd., 2003 NLCA 41 (CanLII):
The requirement that publicly traded companies must disclose material information or changes serves a public policy purpose which is recognized as desirable and to be encouraged. (See, by analogy, the discussion dealing with liability arising from pre-contractual negotiations in Martel Building Limited v. Canada, 2000 SCC 60 (CanLII), [2000] 2 S.C.R. 860, at paragraph 64.)
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