Concordia International Corp. Shareholder Class Actions Settle for U.S. $13.9 Million
MONTREAL & TORONTO--(BUSINESS WIRE)--Aug 31, 2018--The law firms of Faguy & Co. Inc., Strosberg Sasso Sutts LLP and Morganti & Co., P.C. announce the settlement of the shareholder class actions against Concordia International Corp. and certain of its former officers and directors for an all-inclusive payment of U.S. $13.9 million by Concordia and its insurers. The ultimate resolution remains conditional upon the approval of the proposed settlement by the courts of Quebec and Ontario.
The Quebec action was commenced in December 2016 and the Ontario action was commenced in October 2017. Together, those actions were brought on behalf of Concordia shareholders who acquired Concordia’s securities, other than on U.S. exchanges, between November 12, 2015 and August 11, 2016. All details of the settlement, including the process for investors to file claims, will be published once approved by the courts.
The hearing to approve the settlement in the Ontario action will be held at 8:30 a.m. on October 2, 2018 at the courthouse located at 330 University Avenue in Toronto. The hearing to approve the settlement in the Quebec action will be held at 9:30 a.m. on October 10, 2018 at the courthouse located at 1 Notre-Dame Street East in Montreal.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180831005246/en/
CONTACT: FOR CLASS MEMBERS OF THE QUEBEC CLASS ACTION:
Faguy & Co.
Tel: 514.285.8100 x225
FOR CLASS MEMBERS OF THE ONTARIO CLASS ACTION:
Strosberg Sasso Sutts LLP
Morganti & Co., P.C.
Tel: 647.344.1900 x5
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: HEALTH PHARMACEUTICAL PROFESSIONAL SERVICES LEGAL
SOURCE: Strosberg Sasso Sutts LLP
Copyright Business Wire 2018.
PUB: 08/31/2018 09:58 AM/DISC: 08/31/2018 09:58 AM