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
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 firstname.lastname@example.org.
SOURCE Siskinds LLP
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