CannTrust Class Action
Merchant Law Group LLP is pursuing class action litigation on behalf of all Canadian residents who, during the period from October 1, 2018 to July 5, 2019, purchased CannTrust shares (CannTrust Holdings Inc., TSX: TRST) and held such CannTrust securities at the close of trading as of July 5, 2019.
The CannTrust Holdings class action was launched in the wake of a July 8, 2019 announcement that Health Canada had found CannTrust’s production facility in Pelham, Ontario to be non-compliant with certain regulations. Health Canada’s audit of CannTrust revealed that the company had been growing cannabis in unlicensed facilities from October 2018 to March 2019, and that the company had provided inaccurate information to Health Canada.
This class action alleges that CannTrust and certain of its officers/directors made misrepresentations by way of public statements and prospectuses, which represented that CannTrust was in material compliance with all regulations and permits, and failed to make timely disclosure of its unlicensed cultivation.
Shareholders who purchased TSX CannTrust shares between October 1, 2018 and July 5, 2019, and continued to hold those shares after July 5, are encouraged to complete the contact form below.
If you wish to be kept informed as to the status of this case, please join our contact list for the CannTrust Shareholders Class Action, by completing the form below. Please note, providing your contact information creates no lawyer-client relationship or financial obligation for you.
Merchant Law Group LLP has ten offices across Canada and is well-known for pursuing class action lawsuits in Canada including litigation regarding Maple Leaf, Molson/Coors, Vioxx, Celebrex/Bextra, Sony, Residential Schools and various other cases. Tony Merchant, Q.C. is known to be one of Canada’s most active litigators with more than 600 reported cases in leading Caselaw Journals, having argued thousands of cases before the Canadian and American Courts, in Trial and Administrative Courts, and the Courts of Appeal of various American and Canadian jurisdictions, the Federal Court of Canada, and the Supreme Court of Canada. Tony Merchant, Q.C., has a long history in pursuing public policy cases and is a former Member of the Legislative Assembly (M.L.A.)
IF YOU WISH TO JOIN THE CONTACT LIST REGARDING THIS CLASS ACTION, PLEASE COMPLETE THE BELOW FORM. (Please note, providing your contact information creates no lawyer-client relationship or financial obligation. You are not charged any fee or cost for joining the contact list for this class action – our law firm would likely paid a contingency fee from the compensation recovered, if this class action is successful.)