snIP/ITs Insights on Canadian Technology and Intellectual Property Law

Monthly Archives: March 2013

Social Media, Disclosure and Securities Regulation

Posted in M&A/Finance, Regulatory Compliance, Social Media

 On July 3, 2012, the CEO of Netflix Inc. did what many of us frequently do: updated his Facebook account. However, he updated his account with a post stating that Netflix viewing “exceeded 1 billion hours” in the month of June. This post was viewable by over 200,000 Facebook fans. Netflix Inc. shares rose 6.2% that day, the largest single day gain in approximately 6 weeks.

Shortly thereafter, the Securities and Exchange Commission (“SEC”) provided Netflix and the CEO with a “Wells Notice”, a notice the SEC provides when it is of the opinion that sufficient wrongdoing has … Continue Reading

Status Update: Social Media in the Changing Landscape of Litigation in Canada

Posted in E-Discovery, Privacy

Information disseminated through social media platforms such as Facebook and LinkedIn is of growing utility in litigation matters. Evidence obtained from social media accounts by way of discovery preservation and production orders has significantly strengthened the positions of litigating parties. This should come as no surprise as individuals routinely “post” messages, thoughts, pictures and experiences on these platforms, leaving a wake of evidence in the process.

There has been marked development in this area of law in Canadian jurisprudence. To date, Courts and Tribunals have, among other things, ordered the preservation and production of entire social media accounts, dismissed wrongful … Continue Reading