The Globe and Mail reports in its Thursday, May 9, edition the Ontario government is mulling rules that would give an advantage to investors trying to pursue class-action lawsuits against companies accused of misrepresenting their financial results. The Globe's Janet McFarland writes that last week's provincial budget mentioned a possible change to the Ontario Securities Act that would suspend the controversial time limit currently facing investors seeking court permission to proceed with a class-action suit against a company. The government offered little detail on the change, but suggested a decision on how to proceed would be made following the outcome of "current court cases that the government is monitoring closely" and could lead to a decision to suspend the time limit "if needed." There are currently three high-profile cases involving shareholder lawsuits against Imax, Canadian Imperial Bank of Commerce and Celestica that are being heard next week by the Ontario Court of Appeal before a special five-judge panel. In all three cases, investors allege the companies misreported or hid information about their financial results, and shareholders were hurt when share prices later fell.