FacultyFaculty/Author Profile

Andrew Gray

Torys LLP

Toronto, ON, CAN

Andrew Gray's litigation practice involves corporate and securities litigation and CCAA matters. In his corporate litigation practice, Andrew focuses on poison pill and other contested transaction matters before securities regulators and the courts; representing and advising corporations, boards and board committees in respect of transactions, proxy fights, governance issues and internal investigations; disputes arising from completed corporate, commercial and corporate finance transactions; and oppression proceedings on behalf of shareholders, corporations and directors.

In his securities litigation practice, Andrew focuses on regulatory investigations and proceedings involving disclosure, options backdating, insider trading and market timing; securities class actions on behalf of issuers, underwriters, directors, officers, income fund trustees and investors; and defending investment dealers and brokers in trading-related matters and class actions. In his insolvency litigation practice, Andrew represents creditors, debtors and directors in CCAA proceedings; and acts for court-appointed officers in bankruptcy and receivership proceedings.

Andrew has appeared as counsel in the Court of Appeal, the Superior Court of Justice, the Ontario Court of Justice and the Supreme Court of Canada and before the Ontario Securities Commission and other regulators.


Andrew teaches securities regulation at the Faculty of Law, University of Toronto. He has lectured in the contested transactions course and the Global Professional LLM program at the Faculty of Law, University of Toronto, as well as in the undergraduate course on corporate and securities disputes and in the LLM programs on corporate transactions and insolvency offered by Osgoode Hall Law School. In addition, the Ontario Securities Commission invited Andrew to teach a 2013 Securities Investigation Training Course, Lessons from Coventree, a course based on OSC rulings on the Canadian investment bank’s failure to disclose material changes to its business leading up to the financial crisis. In addition, Andrew is a co-author of Securities Enforcement, Canadian Securities Law Reporter, published by CCH in 2006. He regularly provides seminars to clients on developments in corporate securities and insolvency law.

As co-head of the firm’s pro bono committee, Andrew is responsible for screening and approving pro bono matters as well as assisting with the supervision and staffing.

The Faculty of Law, University of Toronto awarded Andrew the Dean Cecil A. Wright Key as the graduating student who exhibited the greatest interest in extracurricular work of an academic nature.

Memberships and Affiliations

  • The Advocates’ Society

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