Carlo Di Carlo

Stockwoods - Ontario

Partner

4130 – 77 King Street West,
Toronto, ON M5K 1H1

+1 416 593 2485

40 & Under List

Future Star



Carlo is a Partner at Stockwoods who has a broad practice that covers various areas of corporate, commercial and regulatory litigation. He routinely is involved in matters dealing with director/officer liability, shareholder disputes, the oppression remedy and contractual disputes. Carlo has particular expertise dealing with securities law issues. He has appeared before the Ontario Securities Commission on several occasions, both representing OSC Staff and respondents. This is in addition to his representation of clients that are the subject of s. 11 investigations by the OSC. He also has experience with class proceedings, where he has represented a number of defendants dealing with issues such as an officer’s breach of duty and shareholder misrepresentation claims. Benchmark Litigation has identified Carlo as a Future Star and Who’s Who Legal recognized him in 2020, 2021 and 2022.


Some of Carlo’s most significant mandates include the following:

  • Ontario Securities Commission v Eric Paul. Represented former CEO of CannTrust in the OSC’s quasi-criminal prosecution for misrepresentation and securities fraud. The case arose from the OSC’s allegation that CannTrust was engaging in unlicensed growing of cannabis in its facilties. Ultimately, Mr. Paul was acquitted of all charges.
  • Re CannTrust Holdings Inc. Represented the former CEO of CanTrust in the CCAA proceedings resulting from the alleged discovery of unlicensed growing of cannabis.  He also represented Mr. Paul in the cross-border shareholder class actions that were dealt with as part of this CCAA proceeding.
  • Fareau et al v Bell Canada et al. Representing Bell Canada in a consumer protection act class proceeding relating to rates charged to inmates at Ontario correctional facilities.  The Superior Court of Justice stayed the action for want of jurisdiction, on account of the fact that the claim dealt with issues (rates) within the special expertise of the CRTC.  The Court of Appeal substituted a temporary stay for the permanent stay pending the CRTC’s treatment of the issue.
  • Ontario v Reliance Construction. Represented a construction manager in a Ministry of Labour OHSA prosecution a construction site relating to a scenario where a piece of temporary fencing fell off of the 42nd floor and landed on a pedestrian, ultimately causing a fatality. Ultimately, the court stayed the prosecution.
  • Re Carillion. Represented the Monitor in a CCAA proceeding involving an insolvent construction company (Carillion Construction). In this role deal with issues of insolvency and trust law, as well as set-off involving cross-border entities. 
  • Carroll v TD Bank. Represented TD bank in a number of proceedings that a self-proclaimed whistleblower brought against it.  Case dealt with issues relating to trust law and the scope of solicitor-client privilege in an investment trust context.


Carlo has published on a number of topics, including contributing a chapter on class actions to the text Digital Privacy: Criminal, Civil and Regulatory Litigation as well as in The Advocates’ Quarterly where he has published articles dealing with the scope of privilege in the context of internal investigations as well as the threshold for materiality in shareholder class actions in Ontario.  


He is an active member of the legal community. He was member of the Executive of The Advocates’ Society’s Commercial Litigation Practice Group and of its Young Advocates’ Standing Committee. He is a member of the Ontario Bar Association’s class actions working ground and was selected to sit on the Finance Committee of the Ontario Bar Association.  


Updated Aug 2024