IF YOU ACQUIRED SECURITIES OF GREENSTAR AGRICULTURAL CORPORATION BETWEEN MAY 31, 2011 AND JUNE 3, 2014,
Read this notice carefully as it may affect your legal rights
LONDON, ON, Nov. 26, 2018 /CNW/ - On October 20, 2014, an action styled Partridge v GreenStar Agricultural Corporation, et al was commenced in the Ontario Superior Court of Justice (Toronto Region) against GreenStar Agricultural Corporation [TSXV Delisted: GRE, CUSIP: 39573T101, ISIN: CA 39573T1012], certain of its former directors and executive officers and its former auditor. The Plaintiff alleged that certain disclosure and offering documents released by GRE on and after May 30, 2012 were materially misleading. The Plaintiff alleged this resulted in damage to GRE shareholders who acquired GRE securities during the period from and including May 31, 2011 to and including the cessation of trading in GRE common shares on June 3, 2014 (the "Class Period", "Class Members" and the "Action").
A settlement of the Action with G. Michael Newman, Brian J. Knebel, Francesco Galati, Michael Lam and Schwartz Levitsky Feldman LLP ("Settling Defendants" and "Settlement") has been approved by the Court (the "Settlement"). The Settlement resolves the Action entirely, including as against GRE and its director and CEO, Guan Lianyun, who did not defend the Action. The Settlement provides for settlement funds of $500,000.00 (CDN), to be paid for the benefit of the Class Members before deductions for legal fees and expenses to administer the Settlement. The Settlement is a compromise of disputed claims and is not an admission of liability, wrongdoing or fault on the part of the Settling Defendants, all of whom have denied and continue to deny the allegations made against them in the Action.
If you acquired GRE common shares during the Class Period, you may be eligible for compensation. In order to recover any such compensation, you must submit an electronic or paper claim to Analytics Consulting LLC no later than March 26, 2019.
NOTE: If you do not timely submit a claim, you will not be entitled to any compensation; and, unless you have previously opted out, you will not be entitled to pursue any other action in respect of those claims.
For more information about the Settlement, your rights and how to exercise them, including how to make a claim, please contact the Claims Administrator at:
GreenStar Securities Settlement
c/o Analytics Consulting LLC
P.O. Box 2002
Chanhassen, Minnesota 55317-2002
For more information about the Settlement please also consult the long-form notice or contact Class Counsel at:
SOURCE Siskinds LLP