Andrew Gray
Canada Guide 2025
Band 4 : Litigation: Securities
Band 4
About
Provided by Andrew Gray
Practice Areas
Andrew’s broad litigation practice involves corporate and securities litigation, CCAA matters and strategic commercial disputes.
In his corporate litigation practice, Andrew regularly represents and advises corporations, boards and board committees in respect of transactions, proxy fights, governance issues and internal investigations; disputes arising from completed transactions; and oppression and related proceedings. He also acts and advises on commercial disputes that are strategically significant to clients.
Andrew is active in securities litigation, and his work focuses on contested transactions, regulatory investigations and proceedings that have involved disclosure, options backdating, insider trading and market timing, as well as securities class actions on behalf of issuers, underwriters, directors, officers, and trustees.
His practice extends to insolvency litigation matters, and he regularly represents stakeholders in CCAA, bankruptcy and receivership proceedings.
Andrew has appeared as counsel in the Court of Appeal, the Superior Court of Justice, the Ontario Court of Justice and the Supreme Court of Canada, the Ontario Securities Commission and other provincial courts and securities regulators.
Chambers Review
Canada
Toronto-based Andrew Gray focuses his practice on contentious securities mandates. He has experience acting for underwriters in class action proceedings relating to issues such as misrepresentation and disclosure violations.
Strengths
Provided by Chambers
"Andrew is a fantastic lawyer. He is extremely responsive and provides great customer service. He has good insight into what a regulator might be thinking, in order to give us practical advice."
"Andrew is a very bright and very capable lawyer."
"Andrew is a fantastic lawyer. He is extremely responsive and provides great customer service. He has good insight into what a regulator might be thinking, in order to give us practical advice."
"Andrew is a very bright and very capable lawyer."
Articles, highlights and press releases
4 items provided by Torys LLP
Converging cross-border approaches to deal litigation
Courts and regulators within Delaware and Canada have recently grappled with approaches to deal disputes, including litigation in pandemic times. Here we address developments jurisprudence around material adverse effect clauses, appraisal rights & processes appropriate for conflicted transactions.
From aspiration to accountability: ESG for boards
When the global pandemic took root in early 2020, many thought climate agendas and other ESG concerns might be placed on the back burner. In fact, the opposite occurred, and ESG’s prominence rapidly accelerated. Here we examine the key ESG accountability criteria for management and the boardroom.
Torys Video: M&A in financial services: what’s next?
Against the current backdrop that the financial services industry is facing, what M&A opportunities are developing for investors? In this video, our team examines relevant topics such as decision-making around capital deployment and how to balance urgency and care when considering M&A during COVID.
Torys Quarterly: Financial advisors and contested transactions
With heightened M&A activity in financial services, industry practices are evolving to address conflicts of interest for the investment banks involved. Here, we survey where financial advisors can be attacked within a contested transaction and practices designed to mitigate such risks.
Converging cross-border approaches to deal litigation
Courts and regulators within Delaware and Canada have recently grappled with approaches to deal disputes, including litigation in pandemic times. Here we address developments jurisprudence around material adverse effect clauses, appraisal rights & processes appropriate for conflicted transactions.
From aspiration to accountability: ESG for boards
When the global pandemic took root in early 2020, many thought climate agendas and other ESG concerns might be placed on the back burner. In fact, the opposite occurred, and ESG’s prominence rapidly accelerated. Here we examine the key ESG accountability criteria for management and the boardroom.
Torys Video: M&A in financial services: what’s next?
Against the current backdrop that the financial services industry is facing, what M&A opportunities are developing for investors? In this video, our team examines relevant topics such as decision-making around capital deployment and how to balance urgency and care when considering M&A during COVID.
Torys Quarterly: Financial advisors and contested transactions
With heightened M&A activity in financial services, industry practices are evolving to address conflicts of interest for the investment banks involved. Here, we survey where financial advisors can be attacked within a contested transaction and practices designed to mitigate such risks.
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