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Bullboard - Stock Discussion Forum Sienna Senior Living Inc T.SIA

Alternate Symbol(s):  LWSCF

Sienna Senior Living Inc. is a Canada-based senior living provider. The Company offers a full range of senior living options, including independent living (IL), assisted living (AL) and memory care (MC) under its Aspira retirement brand, long-term care (LTC), and specialized programs and services. The Company owns and operates senior living residences in the Provinces of British Columbia... see more

TSX:SIA - Post Discussion

Sienna Senior Living Inc > Covid 19 Class Action Against LTC Minister to Proceed...
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Post by JoeBravo1 on Feb 10, 2024 10:06pm

Covid 19 Class Action Against LTC Minister to Proceed...

Interesting decision by the Ontario Ombudsman allowing the Covid 19 Class Action against the Ontario LTC Minister to proceed.

It also includes findings against the LTC homes as well.  Should be getting a Certification decision soon IMO.

Covid 19 Class Action Against ONT LTC Minister to Proceed
Comment by colombuss on Feb 12, 2024 1:28pm
This post has been removed in accordance with Community Policy
Comment by JoeBravo1 on Feb 12, 2024 2:15pm
Interesting view, thanks. I'm not sure if Sienna has insurance for such claims, but I would think they do.  Not sure if they do how much it would cover, but in the case it's not entirely covered, how would Sienna pay for damages? I've seen them mention the possibility of such a scenario, but never on how they would manage to pay out damages if awarded. It's a shame this is ...more  
Comment by traderlong2 on Feb 12, 2024 9:00pm
The Goverment will not let them suffer they need all of these providers and i assure you they would have plenty of liability insurance in this field with out a doubt also the goverment passed the law that they would be exempt from covid liabilities/lawsuits so I  personally dont think any of it will be material to Sia,  more likely the Canadian tax payers the Goverment needs SIA and many ...more  
Comment by BlueJay2020 on Feb 12, 2024 10:35pm
Yep, not worried about this at all.  
Comment by JoeBravo1 on Feb 13, 2024 12:34pm
As much as I would like to downplay the Class Action against Sienna, other LTC operators and the Ontario Gov, it is real, and it can affect their business should it get Certified and Judgement made against the Defendents. Although I believe it is frivolous, it is moving forward against the Ont. Gov. and the LTC Minister of Ontario. Here is an excerpt from Sienna's 3Q 2023 Combined Letter to ...more  
Comment by BlueJay2020 on Feb 14, 2024 12:55pm
This is all boilerpkate disclosure. May as well worry about a meteorite hitting each care home. Proving negligence extremely difficult to do. In any case, strings will be pulled to minimise the effect on a critical supplier to the government of LTC.  Still, if any are in doubt they should sell now and hide their money under the mattress. 
Comment by JoeBravo1 on Feb 14, 2024 1:48pm
Well, an asteroid can hit at any time, but the Class Action Certification is going to be known any day now, hopefully prior to results, which should be good. Once known, at least that piece of the case will be put to rest, and Sienna and the other defendants can either go about their business or have to defend this frivolous suit. I shouldn't say frivolous because people lost loved ones, but ...more