Steven I. Sofer Partner


Speaks:  English

Year of Call: 1988 - Quebec

Year of Call: 1987 - Ontario

Year of Call: 1986 - New York

Primary phone: +1 416-369-7240

Fax: +1 416-369-7250

Email: steven.sofer@gowlingwlg.com

Download VCard


Primary office:  Toronto



Steven I. Sofer

Steven Sofer is a partner in Gowling WLG's Toronto office, practising in the area of advocacy. He has been actively involved in securities matters and class actions for over 20 years.

Steven has prosecuted cases for the Ontario Securities Commission involving insider trading and broker/dealer misconduct. Upon returning to private practice, he taught staff of various securities commissions in both of these areas. Steven has also co-ordinated internal investigations and responses to regulatory inquiries. He has acted for regulators and has represented a number of registrants before regulators.

Achieving the best possible result on budget and in a timely manner is Steven’s prime directive. He provides unhedged practical advice, regular prompt and concise reporting, and is always available. Where a fair settlement is achievable and is the optimal result, it is expeditiously obtained. Where settlement is not optimal or possible, litigation is vigorously pursued in a dignified manner that garners respect from the decision makers and other affected parties.

Steven works in teams, both with lawyers inside and outside of Gowling WLG, ensuring that the most appropriate person is always the one doing the required task. He has been a key part of and has co-ordinated teams acting in product liability litigation across Canada. Steven has also acted or co-ordinated for a manufacturer in various constitutional matters that reached the Supreme Court of Canada.

Career & Recognition

Filter timeline:
  • 2018

  • 2017

  • 2016

  • 2015

    • Rankings & Awards
      September2015
      The Best Lawyers in Canada 2016
    • Rankings & Awards
      July2015
      Canadian Legal Lexpert Directory 2015
    • Rankings & Awards
      April2015
      Chambers Global 2015
  • 2014

    • Rankings & Awards
      October2014
      Who's Who Legal: Canada 2014
    • Rankings & Awards
      September2014
      The Best Lawyers in Canada 2015
    • Rankings & Awards
      July2014
      Canadian Legal Lexpert Directory 2014
  • 2013

    • Rankings & Awards
      November2013
      Who's Who Legal: Canada 2013
    • Rankings & Awards
      September2013
      The Best Lawyers in Canada 2014
    • Rankings & Awards
      July2013
      Who’s Who Legal: The International Who’s Who of Business Lawyers 2013
  • 2010

    • Rankings & Awards
      February2010
      Expert Guides, 2010
  • 1988

    • Qualifications (Year of Call/Admission, etc.)
      1988
      Year of Call, Quebec
  • 1987

    • Qualifications (Year of Call/Admission, etc.)
      1987
      Year of Call, Ontario
  • 1986

    • Qualifications (Year of Call/Admission, etc.)
      1986
      Year of Call, New York

Product Liability

Acted for Rothmans, Benson & Hedges Inc. (“RBH”) in all its tobacco product litigation across Canada.  In Ontario, successfully defeated certification in one proposed class action and had another dismissed before certification was even argued and is part of the team defending other product liability litigation across Canada, including claims initiated by provincial governments.

Securities

Class Action / Alleged Misrepresentation – Obtained a settlement (subject to court approval) in litigation on behalf of a publicly traded infrastructure company in class actions commenced in Ontario and Quebec by primary and secondary market investors.  The plaintiffs alleged that the prospectus and certain public statements contained misrepresentations about the sustainability of the company’s dividend.

Class Action / Alleged Misrepresentation – Defending the former president of a public corporation in a class action alleging improper disclosure in reporting documentation.

Atlas Cold Storage Class Action – Defended the CFO of a publicly traded income trust in a class action commenced in Ontario by primary and secondary market investors.  The plaintiffs alleged that the prospectus, as well as various financial statements and press releases, contained misrepresentations about the finances of the income trust.  A settlement was reached through mediation.

 “YBM Magnex” Class Action – Defended the former auditor of YBM Magnex in two class actions commenced by primary and secondary market investors.  The plaintiffs alleged that YBM Magnex was used to carry out a multi layered conspiracy and fraud for several purposes including obtaining improper gains by financial statement misrepresentation and manipulation.  The actions were settled by all defendants prior to certification.

Insider Trading – Represented the president of a public company in proceedings commenced by the OSC in which it was alleged that he had traded while in possession of material undisclosed information.  A settlement was approved by the OSC in a decision that is widely cited as setting out the applicable principles for a settlement approval hearing.

Disclosure / Insider Trading – Represented publicly traded companies in various regulatory investigations in which the OSC alleged that the company’s disclosure was deficient and/or that some of its key executives traded while in possession of material undisclosed information or their conduct was not in the public interest.  Ultimately, proceedings were not commenced.

Constitutional

Acted for RBH on a number of constitutional matters governing freedom of expression, the Rule of Law and provincial/federal divisions of powers, all of which were decided by the Supreme Court of Canada.

Provided advice on constitutional matters to government organizations.

Pro Bono

Regularly acts pro bono for a charitable religious organization.

Acts pro bono for a number of years on behalf of students with ADHD or autism in their dealings with the education system.