and its Québec affiliate, Siskinds Desmeules, have filed class actions in the
Ontario Superior Court of Justice and the Québec Superior Court against
SNC-Lavalin Group Inc. and certain of SNC’s current and former officers and
proceeding was commenced in Ontario by Rochon Genova LLP.
On June 29,
2012, the Ontario court approved the consolidation of the actions commenced by
Siskinds LLP and Rochon Genova LLP, as well as the discontinuance of the actions
against certain individual defendants.
The Ontario court approved a notice with respect
to the consolidation and discontinuance.
You may view a copy of the notice here. Siskinds
LLP and Rochon Genova LLP are co-counsel for the plaintiffs in the consolidated
action is brought on behalf of all persons, wherever they may reside or be
domiciled, who acquired securities of SNC from November 6, 2009 to February 27,
2012 inclusive (the “Class Period”), other than certain excluded persons
associated with the defendants and any persons who are members of any class
certified in the Québec proceeding.
alleges that disclosure documents issued by SNC during the Class Period
contained misrepresentations relating to, among other things, the adequacy of
SNC’s internal controls, the compliance of certain of SNC’s financial
statements with generally accepted accounting principles, and the compliance of
members of SNC’s management with the company’s Code of Ethics and Business
Conduct. It is further alleged that the
defendants’ misrepresentations caused the price of SNC’s securities to become
inflated, and that the class members suffered damage when the truth was
revealed to the investing public. The
action claims $1 billion in damages.
If you acquired
securities of SNC from November 6, 2009 to February 27, 2012 inclusive, please contact
us at the toll-free number provided below.
Your information will be held in strict confidence. By completing the form, you are not retaining
Siskinds LLP, Rochon Genova LLP or Siskinds Desmeules, nor do you incur any obligations
in connection with this lawsuit.
relating to the Ontario proceeding may be directed to Tricia Mohan of Rochon
Genova LLP. Ms. Mohan can be contacted
by telephone (toll free) at 1-866-881-2292 or by email by clicking here.
Any 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@example.com.