Doug McLeod
Partner | Toronto
Toronto: 416-863-2705

Doug's practice encompasses corporate and general commercial litigation, with a focus on securities litigation. He regularly acts on behalf of corporations and individuals in regard to all civil litigation matters, including class actions, and has represented clients across a wide range of industries: securities firms, insurance companies, pharmaceutical companies, medical device companies and manufacturers.

Doug has extensive trial experience and has appeared before every level of court in Ontario.

In addition to his general commercial litigation practice, Doug has advised institutional and individual clients in connection with investigations and proceedings brought by every major securities regulator in Canada, and has acted for both incumbent management and challenging shareholders in proxy fights. He also often acts for financial institutions and insurance agencies, and their representatives, in response to allegations of negligence and other misconduct.

Doug has completed a secondment to the legal department of one of the Firm's global banking clients, where he worked on regulatory compliance matters, including a major regulatory investigation. Prior to joining Blakes, he spent three years working at a major Canadian investment brokerage.


Representative files Doug has worked on include the following:

  • Acting as co-counsel on a three-week trial before the Superior Court of Ontario in relation to disputed compensation arising from a series of corporate finance transactions, and successfully defending the appeal of the trial decision before the Ontario Court of Appeal

  • Acting as co-counsel on a two-week trial before the Superior Court of Ontario in relation to the "hiring away" of a group of financial professionals by a competitor firm

  • Representing an "innovator" pharmaceutical company in litigation with a competitor "generic" pharmaceutical company

  • Representing a group of shareholders in a successful proxy fight to replace incumbent management

  • Representing an international insurance company in a class action proceeding brought on behalf of investors in a segregated fund product, alleging mismanagement of the segregated fund

  • Representing an international financial institution in regard to a joint regulatory investigation, and subsequent regulatory proceeding, alleging "conduct unbecoming" in regard to trading in derivatives products during the onset of the 2008 stock market collapse

  • Representing an international investment bank in response to a regulatory investigation into allegations that the bank had underwritten securities of a fraudulent resource company

  • Numerous cases representing financial institutions, and financial advisors and insurance agents, in regard to civil and regulatory proceedings alleging negligence and other misconduct

  • Numerous cases acting for medical device manufacturers in defence of product liability claims, including proposed class proceedings

  • Drafting insider-trading policies

  • Representing a winemaker in a dispute with its former agent

  • Representing a heavy equipment distributor in a dispute with one of its suppliers

Show Past:
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Blakes Bulletin on Securities Litigation, May 17, 2018.
Blakes Bulletin on Securities Litigation, April 5, 2018.
Blakes Bulletin on Litigation & Dispute Resolution, February 27, 2018.
Author: An Unacceptable Standard: Administrative Monetary Penalties and the Erosion of Section 11 Protections in the Wake of Guindon
National Journal of Constitutional Law, Vol. 36, p. 229, November 2016.
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Quoted: Now heed this
commenting on "Guindon v. Canada: Government agencies' right to impose high regulatory penalties", Article by Jim Middlemiss, Listed Magazine, August 2, 2016.
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