Class Action Certification Hearing Jan. 15, 2024This should be the next big hurdle for Sienna and other senior living, long term care operators.
The Ontario Government has appealed the class action certification filed against them early this year, but no news on that yet. Because of this, there's a good chance this class action will get certification as well.
I think the lawsuit is frivolous, but it's happening, and I'm not sure the effect it may or may not have on share price. Aside from this, Sienna fundamentals are strong. If all goes well next month, Sienna will have a weight lifted, but if it gets certified, it may have a short term affect on share price.
Jan. 15, 2024 Covid19 Class Action