Siskinds LLP announces Baffinland Iron Mines Corporation Class Action

LONDON, ON, April 20 /CNW/ - The law firm of Siskinds LLP today announced the commencement of a class proceeding in the Ontario Superior Court of Justice on behalf of persons who tendered securities of Baffinland Iron Mines Corporation ("BIM") to the takeover bids made by ArcelorMittal S.A. and Nunavut Iron Ore Acquisition Inc. and their affiliated entities.  In February of 2011, ArcelorMittal and Nunavut completed a joint takeover bid for the securities of BIM.

The action alleges that the documents provided to BIM's securityholders in support of the takeover omitted or misstated information material to the assessment of the bid, and seeks damages or rescission of the transaction.

Persons who tendered BIM securities to the bids made by ArcelorMittal and Nunavut are encouraged to contact Nicole Young of Siskinds LLP. Ms. Young can be reached by telephone at (800) 461-6166 (ext. 2380) or by email at nicole.young@siskinds.com.

SOURCE Siskinds LLP

For further information:

For media inquiries:

Michael Robb
Siskinds LLP
519 660 7872
michael.robb@siskinds.com


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