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SNDL.US
id: 234, Created by Stan Vick Chase, Scout
Sundial Growers Inc
Settled
01 August 2019
Class period Start31 October 2019
Class period End05 October 2022
Claim deadlineSundial Growers Inc. Securities Litigation.
"The Action involves allegations that Defendants violated certain federal securities laws by making misrepresentations or omissions of material fact in the offering documents issued in connection with Sundial’s IPO. The complaint alleges, among other things, that the offering documents included inflated estimates of the Company’s second quarter 2019 revenue based on revenue recognized in violation of its own accounting policies and International Financial Reporting Standards. Defendants have denied and continue to deny each, any and all allegations of wrongdoing, fault, liability or damage whatsoever asserted in the Action."
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
0998735 BC LTD, David Draiman, Yimin Huang
Attorney
The Rosen Law Firm, Levi & Korsinsky
Court
Southern District of New York
Judge
Hon. Andrew L. Carter, Jr.
Administrator
Strategic Claims Services
Court hearing date
12 October 2022
Settlement conditions
IPO and with connection IPO Docs
+$7,000,000
Total Settlement Amount