A consortium of law firms that includes Henein Hutchinson LLP has been given the green light by an Ontario court to proceed with a class-action lawsuit against embattled licensed producer CannTrust Holdings Inc. and its former executives, following a ruling against a competing set of law firms that were vying to take on a similar class-action case against CannTrust.
According to the ruling issued by Ontario Superior Court Justice J. Hainey on Jan. 28, the law firms of Thornton Grout Finnigan LLP and Rochon Genova LLP were deemed ineligible to launch a class-action against CannTrust because RBC Dominion is a client of Thornton Grout Finnigan. In July, CannTrust acknowledged it had illegally grown pot in unlicensed areas of its Niagara facility, which sparked a massive selloff that saw the company’s stock lose almost 80 per cent of its value over the course of a few weeks. A number of subsequent media reports alleged that executives, including Aceto and Paul, knew about the unlicensed growing but did not disclose it to investors. The Ontario Securities Commission has since opened an investigation on CannTrust.
statement of claim The lawsuit names every board member and executive at CannTrust between October 2018 and July 2019, along with the company’s auditors KPMG LLP and underwriters on the May 2019 public offering.
This woman is an elite lawyer. Holy mackerel.
financialpost if I was the target in a Class action, led by Marie Henein & had any doubts about my actions...I would settle
I have no respect for lawyers that pursue class action lawsuits.