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III.TO
id: 1712

Imperial Metals ($III) Agrees to $6M Investor Settlement

The settlement funds have been distributed to claimants.
$6,000,000
Cash Settlement
CV-14-5059885-00CP
Case number
08/15/2011
Class period Start
08/04/2014
Class period End
Imperial Metals ($III) has agreed to settle CAD $6,000,000 with investors to resolve claims that it failed to disclose adverse conditions at the Mount Polley mine’s tailings storage facility, which allegedly misled shareholders about the company’s operational risks.
Case Type
Canadian Securities Class Action
Case Status
Disbursed
Alleged Offence
Misleading Statements, 
Financial Misrepresentation, 
Failure to Disclose
Suspected Party
Management
Security Type
Stocks
Trade Direction
Long
Filing date
08/07/2014
Plaintiffs
Claire Baldwin
Attorneys
Siskinds LLP
Defendants
J. Brian Kynoch; Andre Deepwell; Larry G. Moeller; Laurie Pare; N. Murray Edwards
Attorney fee
$1,900,000
Trades matching type
FIFO

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