KEW Media Group Class Action
Overview:
This action alleges that during the class period, KEW Media Group Inc. made misrepresentations in its public disclosure about, among other things, its working capital. The action alleges that when the truth of this information was revealed, the price of KEW shares dropped significantly, causing damages to KEW’s shareholders. Kalloghlian Myers LLP is co-counsel with Thornton Grout Finnigan LLP and Foreman & Company.
Class Definition:
All persons or entities who acquired KEW’ Media Group Ins.’s securities in the secondary market from March 28, 2017 to January 16, 2020, other than certain excluded persons.
Latest Updates:
November 28, 2023: The action was certified and leave to proceed was granted as agaisnt Kew Media Group Inc. A copy of the notice is available here.
November 7, 2023: The motions for certification, leave to proceed and discontinuing the action as against Kew Media Group Inc. were granted.
October 12, 2021: The notice of certification explaining your rights is available here. The opt out form is available here.
September 27, 2021: The motions for certification, leave to proceed and discontinuing the action as against certain individual Defendants were granted. A copy of the decision is available here.
July 12, 2021: The motions for certification, leave to proceed and discontinuing the action as against certain individual Defendants are scheduled to be heard on September 27, 2021.
June 16, 2021: The Plaintiffs and the individual Defendants have reached an agreement on an order certifying this action as a class proceeding, granting leave to proceed under Part XXIII.1 of the Securities Act, and discontinuing the action as against certain individual Defendants.
September 14, 2020: Justice Morgan of the Ontario Superior Court of Justice approved a third-party adverse costs and indemnity agreement.
July 20, 2020: A copy of the Statement of Claim is available here.
July 14, 2020: The Superior Court of Justice granted leave to the Plaintiffs to file the Statement of Claim.
Contact Kalloghlian Myers LLP about KEW Media Group:
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For inquiries, please complete the form, email kew@kalloghlianmyers.com or call (647) 243-7381.