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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  The Stars Group Inc.    TSGI   CA85570W1005

THE STARS GROUP INC.

(TSGI)
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Stars : The Law Firms of Faguy & Co. and Morganti & Co., P.C. Announce Notice of the Settlement Approval Hearing for The Stars Group Inc. (Formerly Amaya) Securities Class Action Settlement

06/18/2020 | 02:43pm EST

This notice is directed to all persons and entities, excluding certain persons associated with the Defendants, who acquired securities of THE STARS GROUP INC. between March 31, 2014 to March 22, 2016 (collectively, the “Class” or “Class Members”).

On March 24, 2016, a proposed class action was commenced against The Stars Group Inc. (“TSGI”) and others in the Superior Court of Québec (“Class Action”). The parties have reached an agreement to settle the Class Action for the all-inclusive sum of CDN $30 Million, subject to court approval (“Agreement”). The parties have reached the Agreement without any admission of liability on the part of the Defendants. In fact, the Defendants have denied and continue to deny each and all of the claims and allegations of wrongdoing made by the Plaintiff in the Class Action.

The settlement approval hearing for the Class Action was initially scheduled for April 7, 2020 and subsequently postponed owing to the COVID-19 situation. Now that the Montreal Courthouse has re-opened for non-urgent matters, the Court has set a new hearing date of June 29, 2020 at 9:00AM (“Settlement Approval Hearing”).

Class Members who wish to participate or view the Settlement Approval Hearing may do so via WEBRTC or by telephone. Further information is available on the following websites: https://www.amayasecuritiessettlementcanada.com; http://faguyco.com/en/portfolio/amaya-class-action.

If the Agreement is approved, the Class Members will then be able to submit claims and a further notice regarding that claims process will follow in due course.

Further information can be obtained at http://faguyco.com/en/portfolio/amaya-class-action/ or on the dedicated settlement website https://www.amayasecuritiessettlementcanada.com/ or by contacting the Administrator at 1-866-329-7153 Email : inquiry@trilogyclassactions.ca

Questions about matters in this notice should NOT be directed to the Superior Court.


© Business Wire 2020
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Financials (USD)
Sales 2020 - - -
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 10 855 M 7 963 M -
Capi. / Sales 2020 -
EV / Sales 2021 5,09x
Nbr of Employees 4 591
Free-Float -
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Managers
NameTitle
Rafael Ashkenazi Chief Executive Officer
Divyesh Gadhia Executive Chairman
Guy Nigel Templer Chief Operating Officer
Brian S. Kyle Chief Financial Officer
David A. Lazzarato Independent Director