QUÉBEC CITY, March 2, 2012 /CNW/ - The Québec law firm of Siskinds, Desmeules today announced the filing in the Québec Superior Court of a proposed class action against SNC-Lavalin Group Inc. (TSX: SNC), and certain of SNC's current and former officers and directors.
The proposed class includes all persons, wherever resident, who acquired securities of SNC from March 13, 2009 to February 28, 2012 inclusive (the "Class Period"), whether in a prospectus offering or in the secondary market, and seeks $250 million in damages.
The action alleges, among other things, that the defendants made statements that were materially false and misleading in regard to SNC-Lavalin's code of conduct, legal compliance, and internal controls. It is further alleged that SNC and certain members of its senior management team were engaged in unlawful activities in Libya during the Class Period, contrary to the defendants' Class Period statements.
If you acquired securities of SNC from March 13, 2009 to February 28, 2012 inclusive, please complete the online information form at: http://www.classaction.ca/joinaction.aspx?action=snclavalin
For further information:
Inquiries relating to the Québec proceeding may be directed to Simon Hébert of Siskinds, Desmeules. Me. Hébert may be reached at 418 694 2009 or by email at [email protected].
Any inquiries regarding possible proceedings against the Defendants in Ontario may be directed to Nicole Young of Siskinds LLP, the Ontario affiliate of Siskinds, Desmeules. Ms. Young can be contacted by telephone (toll free) at (800) 461-6166 (ext. 2380) or by email at [email protected].