CannTrust Holdings Inc CNTTQ

Class action lawsuit info

[Shedthebu11]

On January 21, 2021, CannTrust announced a Restructuring Support Agreement with Key Class Action Plaintiffs and their Counsel.  Please view the press release here https://www.newswire.ca/news-releases/canntrust-announces-restructuring-support-agreement-with-key-class-action-plaintiffs-and-their-counsel-821332536.html.   
 
On January 29, 2021, the court granted the motion for an order appointing representative counsel in the CCAA proceeding. Strosberg Sasso Sutts LLP, Henein Hutchison LLP, Kalloghlian Myers LLP and A. Dimitri Lascaris Law Professional Corporation were appointed CCAA Canadian Representative Counsel.  Please see court approved notice here https://www.newswire.ca/news-releases/canntrust-announces-the-issuance-of-ccaa-representation-order-appointment-of-representative-counsel-for-the-securities-claimants-819013671.html.
 
You are not required to take action at this time.  Any settlements, either in class actions or in CCAA proceedings, require Court approval. 
 
Please keep all of your documents relating to the purchase (and sale if applicable) of your CannTrust Holdings Inc. securities.
 
Counsel cannot speculate on the timeline for the ultimate resolution of this matter or answer questions about individual situations.
 
I encourage you to monitor our dedicated CannTrust Holdings Inc. Class Action website www.canntrustclassaction.ca, which will be updated as developments warrant.

[Jabosss]

Thank you for the info and for setting me straight. Just have a question, if you dont mind. (i just want to understand because clearly I misunderstood some things) In your first link you sent. What does the paragraph below mean and what is this 50M for? "The RSA also contemplates the resolution, pursuant to the Plan of Arrangement, of all claims against CannTrust and certain other defendants

[Shedthebu11]

Honestly i would send an email to those lawyers with yiur questions. They would be best to answer. Definitely do not ask stalkhouse. Lol he doesnt know anything. Just a gas lighter lol

[Stalkhouse]

This post has been removed in accordance with Community Policy