LONDON, ON, Oct. 28 /CNW/ - The law firm of Siskinds LLP today announced
that it has filed a $165 million class action against Arctic Glacier Income
Fund, an income fund listed on the Toronto Stock Exchange. Also named as
defendants are Arctic Glacier's trustees, Arctic Glacier Inc. and certain
senior officers and directors of Arctic Glacier Inc.
The class action arises out of Arctic Glacier's recent announcement of an
investigation by the United States Department of Justice into anti-competitive
conduct in Arctic Glacier's industry, the packaged ice industry. Subsequent to
that announcement, Arctic Glacier announced that it was suspending its
distributions to its unit-holders, and the price of its units collapsed.
The Arctic Glacier class action is the 11th investor class action filed
by Siskinds LLP under Ontario's new investor protection legislation - Part
XXIII.1 of the Ontario Securities Act. The class action is brought on behalf
of all persons who acquired Arctic Glacier's units between March 22, 2002 and
September 15, 2008.
For further information:
For further information: regarding the Arctic Glacier class action:
Dimitri Lascaris of Siskinds LLP at (800) 461-6166 (Ext. 7844)