XBC.TO
id: 1191
Xebec Adsorption (XBC) CAD $5M Shareholder Settlement
500-06-001135-215
Case number11/10/2019
Class period Start03/24/2021
Class period End04/30/2024
Claim deadlineXebec Adsorption (XBC) agreed to settle CAD $5M with investors to end claims over misrepresenting revenue from its renewable natural gas projects.
Case Status
Disbursed
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 AmountFrequently Asked Questions
Who is eligible for this settlement?
Do I have to sell securities to be eligible?
How long does the payout process take?
What is 11thestate?