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Am I being sued? |
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No, you are not being sued.
You have been identified as a potential claimant in a lawsuit and may be entitled to a portion of settlement proceeds. |
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What is this litigation about? |
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In 2008, a class action was commenced in Ontario against EPM and certain of its current and former senior officers and/or directors (the “Defendants”). The Plaintiff in the action alleges that EPM’s financial statements, released during the Class Period, were materially false and/or misleading as the result of incorrect accounting for a forward sales contract into which EPM had entered as a requirement of its financing facilities. The alleged result of the incorrect accounting was that EPM’s financial statements significantly understated its liabilities and overstated its earnings during the Class Period. |
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How do I know if I am a Class Member? |
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Included in the Class are all individuals or entities who purchased or acquired, for value, securities of Orsu Metals Corporation, f.k.a. European Minerals Corporation (“EPM”), during the period from and including May 16, 2007 to and including April 11, 2008. |
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Why is this case a Class Action?
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In a class action, one or more people, called Class Representatives sue on behalf of all people who have similar claims. In this case, the Class Representative is Roman Pysznyj. All of the people who were similarly treated are known as a Class, or as Class Members. One court resolves all issues for the Class, and protects the interest of Class Members while preserving court resources. |
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What does the settlement provide? |
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The Settlement creates a fund in the amount of $2,200,000.00 plus interest. Your actual recovery will depend on a number of factors, such as, among other things, the number of shares purchased or sold, the timing of your transactions, expense of administering the claims process and attorney’s fees and expenses awarded, as well as the number of eligible shares purchased by class members who elect to participate in the claims process. |
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Do I have a lawyer in this case? |
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The Court appointed Siskinds, LLP to represent the Lead Plaintiff and all class members. |
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How can I contact the Class Counsel? |
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You may contact Class Counsel in writing at:
Siskinds, LLP
680 Waterloo St
London ON N6A 3V8
Canada |
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Should I get my own lawyer? |
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You do not need to retain your own lawyer because Class Counsel is acting on behalf of the entire Class. If you wish to retain your own lawyer, you may do so at your own expense. |
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