Overview of the application 500-06-001135-215
Printing of the overview of the application for a class action
Application stage:
Class action - Judgment on an out-of-court settlement
Courthouse:
Montréal
Date of filing of the application for authorization to institute a class action:
2021-03-15
File no.:
500-06-001135-215
Subject:
Valeurs mobilières
This case concerns:
The proposed class action alleges that Xebec and the individual respondents made misrepresentations by overstating Xebec’s revenue and made false representations regarding its revenue accounting practices, and the fact that Xebec maintained proper internal controls to ensure that its financial statements were reliable and free of material misstatements.
Name of parties:
Leclair, et al. vs FormerXBC Inc., formerly known as Xebec Adsorption Inc., et al.
Description of the class instituting the class action:
All persons all persons and entities, wherever they may reside or may be domiciled, who purchased or otherwise acquired Xebec’s securities between November 10, 2020 and March 11, 2021 inclusively and held some or all of such securities as of the close of trading on the TSX on March 11, 2021
Documents and proceedings:
| Document | Date of document |
|---|---|
| Application for authorization to institute a class action | 2021-03-15 |
| Reply | 2021-04-01 |
| Reply | 2021-04-08 |
| Application for permission to amend a pleading | 2021-10-05 |
| Re-Amended Application for Authorization (Granted) | 2022-05-13 |
| Judgement on Motion for Leave to re-amend the Motion for Authorization to institute a class action | 2022-05-18 |
| Plan of allocation | 2023-05-26 |
| Plan de répartition | 2023-05-26 |
| Settlement Agreement | 2023-05-26 |
| Entente de règlement | 2023-05-26 |
| Judgment on out-of-court settlement | 2023-06-30 |
| Formulaire d'exclusion | 2023-07-05 |
| Opt Out Form | 2023-07-05 |
| Premier avis abrégé | 2023-07-05 |
| First Short Form Notice | 2023-07-05 |
| Premier avis long | 2023-07-05 |
| First Long Form Notice | 2023-07-05 |
| Application to Approve a Class Action Settlement and for Approval of Class Counsel Fees | 2023-09-20 |
| Judgment on out-of-court settlement | 2023-10-19 |
| Deuxième avis détaillé | 2023-11-27 |
| Deuxième avis abrégé | 2023-11-27 |
| Second Short Form Notice | 2023-11-27 |
| Second Long Form Notice | 2023-11-27 |
| Second Long Form Notice | 2023-11-27 |
| Second Short Form Notice | 2023-11-27 |
| Deuxième avis abrégé | 2023-11-27 |
| Deuxième avis détaillé | 2023-11-27 |
Counsels for the applicant:
| Name | Phone | Adresse | Name of Law Firm | Website | |
|---|---|---|---|---|---|
| Assor, David | [email protected] | 514 451-5500 Extension: 321 | 4101 rue Sherbrooke Ouest, Westmount, Quebec, Canada , H3Z 1A7 | Lex Group inc. | https://www.lexgroup.ca/classaction/xebec-adsorpti |
| Nematollahi, Sage | [email protected] | 416 537-3529 Extension: 2 | 1186 Eglinton Ave. West, Toronto, Ontario, Canada , M6C 2E3 | KND Complex Litigation | |
| Karp, Eli | [email protected] | 416 537-3529 | 1186 Eglinton Ave. West, Toronto, Ontario, Canada , M6C 2E3 | KND Complex Litigation |
Counsels for the defence:
| Name | Phone | Adresse | Name of Law Firm | |
|---|---|---|---|---|
| Legendre, Céline | [email protected] | 514 904-8108 Extension: - | 1000 De La Gauchetière St. West, Suite 2100, Montréa, Quebec, Canada , H3B 4W5 | Osler, Hoskin & Harcourt LLP |
Application stage
2 - Class action - Judgment on an out-of-court settlement
Courthouse
Montréal
Date of filing of the application for authorization to institute a class action
2021-03-15
File no.
500-06-001135-215
Subject
Valeurs mobilières
This case concerns
The proposed class action alleges that Xebec and the individual respondents made misrepresentations by overstating Xebec’s revenue and made false representations regarding its revenue accounting practices, and the fact that Xebec maintained proper internal controls to ensure that its financial statements were reliable and free of material misstatements.
Name of parties
Leclair, et al. vs FormerXBC Inc., formerly known as Xebec Adsorption Inc., et al.