Wendy Berman

Wendy Berman
Telephone: 416 860 2926
Fax: 416 640 3107

Suite 2100, Scotia Plaza
40 King Street West
Toronto, ON M5H 3C2

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"Sensible, innovative and hard-working."
- Client Testimonial, Chambers Global

Wendy Berman, the head of the Securities Litigation and White Collar Crime and Regulatory Response groups at Cassels Brock, is recognized as one of Canada’s leading securities litigators by Chambers Global, the Canadian Legal Lexpert Directory, the Lexpert Guide to the Leading 500 Lawyers in Canada, the Lexpert Guide to the Leading US/Canada Cross-Border Litigation Lawyers in Canada and Best Lawyers in Canada. She has extensive experience in complex commercial and securities-related litigation, often involving parallel and cross-border regulatory, criminal and class action proceedings. Wendy regularly provides strategic advice and representation to companies and their directors and officers in all aspects of matters relating to allegations of corporate misconduct, including internal and external investigations. She has represented public companies and directors and officers in some of Canada’s largest investigations and proceedings involving disclosure violations, insider trading and other fraud-related allegations, corruption and anti-bribery, shareholders’ remedies, litigation aspects of proxy contests, take-over bids and other acquisitions, corporate governance (including directors’ and officers’ liability) and securities class actions.

Wendy's experience includes representing:

  • A public resource company in litigation and regulatory aspects of a contested proxy contest for control of the board of directors
  • A founding shareholder in successfully contesting a multi-billion dollar acquisition transaction
  • A public financial services company in a securities class action and regulatory investigation (with parallel US class action) alleging various financial and other disclosure violations
  • A public mining company in litigation and regulatory aspects of a hostile takeover bid
  • A public gold resource company in a securities class action (with parallel US class action) alleging misleading and inaccurate financial and operation disclosure in various public filings and statements
  • A senior officer of a public resource company in an internal and external police and securities regulatory investigation involving disclosure violations and allegations of foreign corrupt practices


In 2013, Wendy received the Lexpert Zenith Award, honouring leading women lawyers. In 2010 and 2011, Wendy was the Canadian recipient of the International Law Office (ILO) Client Choice Award for exceptional legal work and client service in the category of Litigation. Chosen from a pool of more than 2,000 nominees identified by corporate counsel worldwide, she was cited by her clients as providing real business value above and beyond other lawyers in the market based on the following criteria: quality of legal advice, value for money, commercial awareness, effective communication, response time, billing transparency, tailored fee structures, sharing of expertise and use of technology.

Wendy is also the co-author of the Canada chapter of The International Investigations Review (5th edition), published by Law Business Research Ltd. in July 2015.

Client Commentary

  • “‘Very strategic’ and ‘an excellent communicator.’” – Chambers Canada (Class Actions)
  • “Widely acknowledged as a top choice for securities litigation and described as a ‘force to be reckoned with.’” – Chambers Canada (Securities Litigation)
  • "One of her best attributes is her ability to extract the salient points from massive volumes of information and make her point in a respectful and often humorous manner." – Chambers Canada (Securities Litigation)
  • "[I]nsightful and creative, [Wendy] understands our company and our needs and strategically plots how best to advocate on our behalf." - Chambers Global (Dispute Resolution)
  • "Sensible, innovative and hard-working." – Chambers Global (Dispute Resolution)
  • "She is just outstanding." – Chambers Global (Dispute Resolution: Class Actions)
  • "She is one of a kind and understands everything." – Chambers Global (Dispute Resolution)
  • "Wendy has a very bright mind and she can easily grasp complex issues and hone in on the salient points." – ILO Client Choice Awards
  • "I have seen her ability to quickly understand complex financial issues that have stunted other so-called 'experts.' " – ILO Client Choice Awards
  • "Wendy keeps us informed of progress, filters out the noise, and flags the essential elements that require action." – ILO Client Choice Awards
  • "Wendy has the ability to move between the court room and the board room, providing the right level of communication to the senior management team and board members." – ILO Client Choice Awards
  • “What distinguishes her is her ability to develop a rapport with clients.” – Chambers Canada (Class Actions)
  • “In addition to her sharp legal skills and commercial knowledge, Wendy is exceptionally friendly and sensible. She clearly loves doing the work that she does and her dedication and interest in the work are infectious.” – Chambers Canada (Litigation: Commercial)


University of Toronto, LL.B., 1990

Recent Work

Publications, Newsletters and Articles

Class Actions e-COMMUNIQUÉ - August 2019

No Harm, But Still a Foul: Ontario Securities Commission Takes Strong Stance on Misleading Disclosure in the Emerging Crypto Industry

The Game Changer: OSC Awards $7.5 Million to Three Whistleblowers

Canadian Securities Litigation Outlook 2018: Trends to Watch for Capital Markets Participants

Class Actions e-COMMUNIQUÉ - September 2018

Hole in One: Ontario Superior Court of Justice Dismisses Oppression Class Action Against North Halton Golf and Country Club

Rejection of Reasonable Investigation Defence in Securities Class Action Stands: Supreme Court Denies Leave to Appeal

Living in a Material World: Materially Drives Dismissal of Motion for Leave to Commence Statutory Misrepresentation Claims Under the Ontario Securities Act

The Eleventh Hour: Ontario Securities Commission Approves Yet Another No Contest Settlement

Deferred No More: Deferred Prosecution Agreements Finally on Their Way to Canada

Class Actions e-COMMUNIQUÉ - April 2018

The New Take-Over Bid Playing Field: A Farewell to Shareholder Rights Plans and an Endorsement of Hard Lock-Up Agreements

Not So Fast: Federal Court of Appeal Strongly Confirms Transactional Common Interest Privilege

Credibility Issues and Lack of Clear Record Lead to Rejection of Reasonable Investigation Defence as a Bar to Leave in Secondary Market Securities Class Action

Not Home Free Yet: Financial Institution Faces New Lawsuit Despite Creative Comprehensive Global Settlement for Disclosure Violations

No New Duty, No Negligence: Ontario Court Dismisses Class Action Certification Motion Against Underwriters

Facilitating the End of Facilitation Payments

Conferences, Speaking Engagements, Events

Wendy Berman Looked at Class Actions in the US and Canada at the LCA Spring Conference

Cassels Brock Lawyers are Faculty Members and Speakers as part of The Osgoode Certificate in Mining Law

Wendy Berman Co-Chairs "A Special Litigation Presentation: Securities Advocacy"

Call to the bar

Ontario, 1992
British Columbia, 2015


  • Canadian Bar Association
  • Ontario Bar Association
  • The Advocates' Society (Board of Directors)
  • Toronto Lawyers Association
  • Women's Law Association of Ontario
  • Ontario Securities Commission
  • Women’s White Collar Defense Association (Co-Chair)
  • Litigation Counsel of America (Fellow)



  • Chambers Canada (Class Action (Defence); Securities Litigation (Ontario); formerly Recognized Practitioner - White Collar Crime))
  • Chambers Global (Dispute Resolution: Ontario)
  • Canadian Legal Lexpert Directory (Litigation - Securities; Litigation - Corporate Commercial; Class Actions)
  • Benchmark Litigation (Litigation Star: Securities; Top 25 Women in Canada)
  • Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada  (Securities Litigation and Corporate Commercial Litigation)
  • Lexpert Guide to the Leading US/Canada Cross-Border Lawyers in Canada 
  • Lexpert Special Edition - Canadian Litigation Lawyers
  • The Best Lawyers in Canada (Securities Litigation; Class Action Litigation; Director and Officer Liability)
  • The Legal 500 Canada (Dispute Resolution)
  • Martindale-Hubbell, Distinguished™ rating
  • Lexpert Zenith Award (2013, Leading Women Lawyers)
  • International Law Office Client Choice Award (ILO) (2010 and 2011, Client Service)

Pro Bono/Community Involvement

  • Canadian Partnership for Stroke Recovery (Board of Directors)
  • The Advocates' Society (Board of Directors)



Class Actions
Securities Litigation
White Collar Crime & Regulatory Response