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XBC.TO
id: 1191

Xebec Adsorption (XBC) CAD $5M Shareholder Settlement

500-06-001135-215
Case number
10 Nov 2019
Class period Start
24 Mar 2021
Class period End
30 Apr 2024
Claim deadline
Xebec Adsorption (XBC) agreed to settle CAD $5M with investors to end claims over misrepresenting revenue from its renewable natural gas projects.
Case Status
Accepting Late Claims
Alleged Offence
Mismanagement
Misleading Statements
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Plaintiffs
Maurice Leclair
Attorneys
KND Complex Litigation
Defendants
Kurt Sorschak, Stéphane Archambault, Louis Dufour, William Beckett, Guy Saint Jacques
Trades matching type
FIFO
+$5,000,000
Cash Settlement Amount

Frequently Asked Questions

Xebec Adsorption Inc

Xebec Adsorption Inc. designs, manufactures, and sells purification, separation, dehydration, and filtration equipment for gases and compressed air in Canada, the United States, China, Korea, Italy...

    Ticker
    XBC.TO
    ISIN
    CA9838911027
    Sector
    Industrials
    Industry
    Specialty Industrial Machinery
    Country
    Canada
    Address
    730 Industriel Boulevard, Blainville, QC, Canada, J7C 3V4