Linda Fuerst

Senior Partner
Norton Rose Fulbright Canada LLP

Linda Fuerst

Linda Fuerst



Linda Fuerst’s litigation practice covers a broad range of commercial and professional liability matters, with a particular focus on securities litigation, class proceedings and regulatory issues. She has litigated civil, criminal and regulatory matters and has appeared before all levels of court in Ontario, the Supreme Court of British Columbia, the Supreme Court of Nova Scotia and the Nova Scotia Court of Appeal, and represented clients regarding investigations and proceedings by the Ontario, Alberta and Nova Scotia securities commissions, IIROC, the MFDA and the Competition Bureau. Ms. Fuerst has also directed internal investigations into matters including possible insider trading and backdating of stock options. 

Ms. Fuerst began her legal career clerking for the Chief Justice of the High Court of Ontario. She practised criminal law and served as a part-time assistant crown attorney before joining the Enforcement Branch of the Ontario Securities Commission as senior investigation counsel. Following a rotation at the US Securities and Exchange Commission in Washington, DC, she joined a well-known litigation practice in Toronto where she practised from 1994 to 2015.

Professional experience

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LL.B., Osgoode Hall Law School, 1981

  • Ontario 1983

Ms. Fuerst has acted in the following presentative matters:

  • Successful defence of a brokerage firm in a lengthy trial before the Supreme Court of Nova Scotia and appeal to the Nova Scotia Court of Appeal in an action for negligence and breach of contract arising out of the alleged manipulation of shares of Knowledge House Inc.
  • Counsel to an investment fund opposing the application by Magna International Inc. to the Ontario Superior Court for approval of a plan of arrangement whereby Magna would indirectly purchase for cancellation all of its Class B multiple voting shares and collapse its dual-class share structure, and on the subsequent appeal to the Divisional Court
  • Defence of global financial institution in Ontario class action alleging price fixing in relation to foreign exchange trading
  • Representation of two defendants in a securities class action alleging prospectus misrepresentation by Smart Technologies Inc., selling shareholders and others
  • Counsel to one of the defendants in a shareholder class action alleging the defendant company's public offering prospectus and other disclosure documents contained untrue representations
  • Counsel to a law firm and one of its partners in shareholder class proceedings alleging fraud and misrepresentation in a prospectus and financial statements, and defence of related OSC proceeding
  • Counsel to the defendant airlines in an ongoing class proceeding alleging conspiracy to fix passenger fares, including breach of the Competition Act
  • Counsel for reporting issuer in appeal to the OSC from a TSX decision to permit the issuance of shares during a proxy fight
  • Challenge to the OSC's jurisdiction to sanction a lawyer for alleged misrepresentations to OSC staff
  • Counsel to the respondent auditor in two proceedings brought by the Ontario Securities Commission under the Ontario Securities Act, resulting in the first no-contest settlement under OSC Staff Notice 15‑702: Revised Credit for Cooperation Program
  • Canadian Legal Lexpert Directory, 2012-2019: recommended in Litigation - Corporate Commercial, Litigation - Directors' & Officers' Liability, Litigation – Securities; 2015-2018: recommended in Class Actions
  • Acritas Stars 2019 – Designated as an "Independently rated lawyer" 
  • Lexpert®/American Lawyer Guide to the Leading 500 Lawyers in Canada, 2012-2017, 2019: Corporate Commercial Litigation, Securities Litigation
  • Chambers Canada, Nationwide: White-Collar Crime and Government Investigation, Chambers and Partners, 2018
  • Chambers Canada, Ontario: Litigation - General Commercial, Chambers and Partners, 2018
  • Chambers Canada, Ontario: Litigation - Securities (Band 1), Chambers and Partners, 2020
  • Best Lawyers in Canada, 2015-2017: Class Actions Litigation
  • Best Lawyers in Canada, 2014-2017: Corporate and Commercial Litigation
  • Best Lawyers in Canada, 2006-2017: Securities Law
  • Benchmark Litigation’s Top 250 Women in Litigation, 2014-2016: Top 25 Women in Litigation (Canada)
  • Who's Who Legal, 2013-2016: Commercial Litigation
  • Lexpert® Guide to the Leading US/Canada Cross-border Litigation Lawyers in Canada, 2013: Corporate Commercial, Securities
  • Lexpert® Ranked Litigators, Report on Business Special Edition, 2013
  • Martindale-Hubbell Distinguished Peer Rating (Securities litigation)
  • Osgoode Hall Law School Alumni Association Gold Key Award
  • Ms. Fuerst regularly speaks at legal education events and has recently presented on cross‑border issues for litigators, whistleblower programs, directors and officers’ liability, securities law and capital markets regulatory priorities.


  • The Advocates’ Society Securities Litigation Executive and chair of the Securities Litigation Practice Group
  • Canadian Bar Association National Class Actions Task Force Committee member (2016)
  • Ontario Bar Association
    • Former co-chair Class Action Section Executive (2015-2016)
    • Former vice-chair Civil Litigation Section Executive (2015-2016)
    • Working group on Framework for Tribunal Excellence (2015-2016)
    • Civil Delays Working Group (2013)
    • Litigation Fundamentals Sunrise Series, coordinator (2012-2015)
  • Ontario Securities Commission Securities Proceedings Advisory Committee (2015-2018)
  • Women’s White Collar Defense Association
  • United Way, Women Gaining Ground - chair, Fundraising and Cultivation Committee
  • Osgoode Hall Law School Alumni Association
    • Board of directors (past president) 
  • Women in Mining, Toronto chapter