On May 9, 2012, ROCHON | GENOVA commenced a global class action in Ontario on behalf of investors of SNC-Lavalin Group Inc. (TSX: SNC.TO and OTC: SNCAF.PK) alleging securities law violations by the company, its Board of Directors and certain officers.
Subsequently, separate proceeding were commenced in Ontario and Quebec by Siskinds and its Québec affiliate, Siskinds Desmeules.
On June 29, 2012, the Ontario court approved the consolidation of the actions commenced by Siskinds and ROCHON | GENOVA , as well as the discontinuance of the actions against certain individual defendants. The Ontario court approved a notice with respect to the consolidation and discontinuance. You may view a copy of the notice here: [English]. Siskinds and ROCHON | GENOVA are co-counsel for the plaintiffs in the consolidated Ontario action.
On September 19, 2012, Justice Perell of the Ontario Superior Court of Justice certified the Ontario action as a class proceeding, and appointed the Trustees of the Drywall Acoustic Lathing and Insulation Local 675 Pension Fund and 0793094 B.C. Ltd. as representative plaintiffs.
On January 24, 2013, Justice Francoeur of the Québec Superior Court authorized the Québec action as a class proceeding, and appointed Jean-Paul Delaire as representative plaintiff.
The Ontario and Québec courts approved a notice with respect to leave and certification. You may view a copy of the notice here: [English] [French]
If you want to opt out of the class actions, you must do so by no later than May 8, 2013 in accordance with the instructions set out in the leave and certification notice above.
