Lightspeed Commerce ($LSPD) CAD$11M Investor Settlement

Late claims are being considered for compensation, subject to approval.

$11,000,000

Cash Settlement

500-06-001164-215

Case number

03/07/2019

Class period Start

11/03/2021

Class period End

03/04/2026

Claim deadline

Lightspeed Commerce ($LSPD) has agreed to settle for CAD $11M to resolve claims that it misled investors about its growth metrics, customer base, and competitive positioning in the e-commerce and point-of-sale software market.

Case Type

Canadian Securities Class Action

Case Status

Accepting Late Claims

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Filing date

10/01/2021

Attorneys

Kalloghlian Myers LLP; Strosberg Sasso Sutts LLP

Trades matching type

FIFO

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