Concordia Healthcare Corp. T.CXR.R

So Canadians will not be able to join the lawsuit?

[MustardTiger88]

I've looked around and nowhere can I find a difinitive answer.  Are there any firms that are representing Canadians?  The only one that even mentions CXR (as opposed to CXRX only) is KTMC, but they responded that they will only be representing those that bought on the Nasdaq.  The clock is ticking and I don't want to miss out on being a part of it.

[LaticelnExile]

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[capmorgan]

There are no Canadian firms that have filed a lawsuit representing Canadians , and there won't be. They don't see a winnable case here. Only in the US do they sue for everything and 93% of cases, are either not certified or are , but they lose the case. You have some that win ( like when a guy spills a coffee on his lap and sues McDonald's for it) but for the most part they are just

[TOMMY1]

Lots of selection! Thanks for sharing, will call some of those up. Ideally, we want a Canadian law firm representing us though but I will take whatever representation I can get.

[LaticelnExile]

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[Craigbad]

If a lawsuit is successful and there is a substantial payout, will debtholders be able to move in before a payout, or does the courts decision come first? It would be some nice to have eyes and ears in the courtroom, you could make a fortune shorting the stock with the right outcome. If they lose you could likely go short with all your margin and not have to cover.

[Juice004]

So why it it okay for US law firms if not many assets are held there either? I don't think it matters where the assets are. The business is based in Canada.

[Juice004]

12M assets in Canada. 25M in the US there is really not much difference there. Why doesn't it matter for US law firms as oppose to Canadian? What makes them so special considering the company is registered in Canada and has their headquarters there.

[lnvestor198]

Maybe it has to do with net assets,    Canadian liabilities are shown as  3,319,920 and in the US only                                1,146

[FullReversal]

Sickening! As a Canadian, it's infuriating to see Canada being used as a toxic investment dump. The only avenue for any losing long is to turn short and cheerlead the destruction of this amazingly bad case study!

[capmorgan]

Lattice , that goes for the US law firms, since the assets are held in the carabbean.  quote=LaticelnExile]The problem for Canadian law firms is that that the assets are not held in Canada, (the liabilities are here tho'!) ..  .[Source:  2015 Financial Statements, filed on SEDAR]  so intuitively I think it would be challenging for a Canadian firm to collect if and when

[KnowledgeSeekr8]

I believe you would need to have losses of $100,000 USD + to qualify for the lawsuit. So only the big losers will be able to try their luck in court. Luckily mine is less than $20,000....luckily doesn't seem like the correct word there.

[smallshort]

The term "big losers" is also insensitive.   But yes, if large shareholders were fooled by the people behind this massive "market play" and had massive loses due to malfeasance of certain officials, please, help make the "markets" better and call the various lawyers to see if you qualify.   The call doesn't cost you anything and neither does

[TOMMY1]

I've been looking too. The following U.S. based law firm said they were considering representing the Canadian side and I emailed them just a moment ago to see where they are with that. I'll let you know if I hear back. Even if they charge an 80% recovery fee, I would still get around $60K which is better than nothing. Kessler Topaz Meltzer & Check, LLP 280 King of Prussia

[happyretirement]

Try Morganti Legal, they are already after Valeant and Nobilis.....