SUCCESSFUL 5.5 million CLASS ACTION LWSUIT AGAINST FSD SUCCESSFUL 5.5 million CLASS ACTION LWSUIT AGAINST FSD
FSD and its insurers will pay CAD $5.5 million (the “Settlement Amount”), in full and final settlement of all claims against FSD in the Action. Class Counsel Fees, including out-of-pocket expenses and taxes, were fixed by the Court as a first charge on the Settlement Amount in the amount of thirty (30) percent of CAD $5,500,000.00, plus disbursements, plus taxes. The settlement for the Class, less the Class Counsel Fees and disbursements, administrator’s expenses, and taxes, will be distributed to the Class on a pro rata basis in accordance with the Court-approved Plan of Allocation. The Settlement Agreement and Plan of Allocation may be viewed at https://morgantico.com/fsd-pharma-inc/, www.fsdsecuritiesclassaction.com.
https://www.businesswire.com/news/home/20210213005001/en/Morganti-Co-P.C.-Announces-Settlement-Approval-for-FSD-Pharma-Inc.-Securities-Class-Action