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Canadian Courts Approve Concordia International Corp. Shareholder Class Actions Settlement for U.S. $13.9 Million

November 14, 2018

TORONTO & MONTREAL--(BUSINESS WIRE)--Nov 14, 2018--The law firms of Strosberg Sasso Sutts LLP, Faguy & Co. Inc., and Morganti & Co., P.C. announce that the Ontario and Québec courts have approved the settlement of the shareholder class actions against Concordia International Corp. and certain of its former officers and directors for an all-inclusive amount of U.S. $13.9 million.

The net settlement proceeds, after payment of administration expenses and class counsel fees, will be distributed in accordance with the court-approved and supervised Plan of Allocation.

Proposed class actions were commenced against Concordia International Corp. and Concordia Healthcare (Canada) Limited, and two of its officers and directors. The plaintiffs alleged that the defendants made misrepresentations and omissions of material facts relating to Concordia’s business practices in public filings and statements.

Each Class Member must submit a completed Claim Form on or before March 19, 2019 in order to participate in the settlement. The Claim Form can be accessed or downloaded at www.concordiasettlement.com or obtained by calling the Administrator at 1.877.400.1211.

You are a member of the Ontario class if you are not a Quebec-based person or entity who, between November 12, 2015 and August 11, 2016, acquired securities of Concordia that are or were listed for trading on the TSX or on alternative platforms in Canada, and held some or all such securities at the close of trading in August 11, 2016.

If you are an Ontario class member and wish to opt-out of the class action, you must submit, by 5:00 p.m. on January 3, 2019, by mail, email or courier, a completed Ontario opt-out form to:

Gregory D. Wrigglesworth Kirwin Partners LLP 423 Pelissier Street Windsor, ON N9A 4L2 Fax: 519.790.0034 Email: concordia@kirwinpartners.com Attention: Concordia Class Action

A copy of the Ontario opt-out form is available at www.concordiasettlement.com or by calling 1.877.400.1211.

You are a member of the Québec class if you are a Québec-based person or entity who, between November 12, 2015 and August 11, 2016, acquired securities of Concordia that are or were listed for trading on the TSX or on alternative trading platforms in Canada, and held some or all such securities at the close of August 11, 2016.

If you are a Québec class member and wish to opt-out of the class action, you must submit, by 5:00 p.m. on January 3, 2019, by mail, email or courier, a completed Quebec opt-out form to both:

Gregory D. Wrigglesworth Kirwin Partners LLP 423 Pelissier Street Windsor, ON N9A 4L2 Fax: 519.790.0034 Email: concordia@kirwinpartners.com Attention: Concordia Class Action

and

Greffier de la Cour supérieure du Québec Palais de justice de Montréal Dossier no : 500-06-00834-164, 1 rue Notre-Dame Est, room 1.120 Montréal, Québec H2Y 1B6

A copy of the Québec opt-out form is available at www.concordiasettlement.com or by calling 1.877.400.1211.

Further information on the settlement, including the Settlement Agreement, Plan of Allocation and the court orders, may be found at www.concordiasettlement.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181114005629/en/

CONTACT: FOR CLASS MEMBERS OF THE QUÉBEC CLASS ACTION:

Shawn Faguy

Faguy & Co.

329 de la Commune West, Suite 200

Montreal, PQ H2Y 2E1

Tel: 514.285.8100 x225

Fax: 514.285.8050

skf@faguyco.comFOR CLASS MEMBERS OF THE ONTARIO CLASS ACTION:

Jay Strosberg

Strosberg Sasso Sutts LLP

1561 Ouellette Avenue

Windsor, ON N8X 1K5

Tel: 519.561.6296

Fax: 866.316.5308

dtocco@strosbergco.comHadi Davarinia

Morganti & Co., P.C.

One Yonge Street, Suite 1506

Toronto, ON M5E 1E5

Tel: 647.344.1900 x5

Fax: 416.352.7638

hdavarinia@morgantilegal.com

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE LEGAL

SOURCE: Strosberg Sasso Sutts LLP

Copyright Business Wire 2018.

PUB: 11/14/2018 10:52 AM/DISC: 11/14/2018 10:52 AM

http://www.businesswire.com/news/home/20181114005629/en

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