Overview of the application 500-06-001164-215

Printing of the overview of the application for a class action

Application stage:

Authorization - Application to the Superior Court for authorization to institute a class action

Courthouse:

Montréal

Date of filing of the application for authorization to institute a class action:

2021-10-01

File no.:

500-06-001164-215

Subject:

Valeurs mobilières; Liability

This case concerns:

Misrepresentations made by the Defendants between March 7, 2019 to November 3, 2021, inclusively

Name of parties:

Holcman v. Lightspeed Commerce Inc., Lightspeed POS Inc., Dax Dasilva et als.

Description of the class instituting the class action:

"Class" and "Class Members" are comprised of the following, other than the Excluded Persons: (i) Primary Market Sub-Class: All persons and entities who acquired Lightspeed Commerce Inc. or Lightspeed POS Inc. securities in an Offering on or after March 7, 2019, and held some or all of those securities until after the close of trading on (1) September 28, 2021 or (2) November 3, 2021, excluding United States residents who acquired Lightspeed Commerce Inc. or Lightspeed POS Inc. securities in an Offering in the United States between September 11, 2020 and September 28, 2021; and (ii) Secondary Market Sub-Class: All persons and entities who acquired Lightspeed Commerce Inc. or Lightspeed POS Inc. securities on the secondary market on or after March 7, 2019, and held some or all of those securities until after the close of trading on (1) September 28, 2021 or (2) November 3, 2021, excluding investors who acquired Lightspeed Commerce Inc. or Lightspeed POS Inc. securities on a U.S. exchange between September 11, 2020 and September 28, 2021;

Documents and proceedings:

Document Date of document
Application for authorization to institute a class action 2021-10-01
Reply 2021-10-14
Reply 2021-10-15
Reply 2022-02-24
Application for authorization to institute a class action (Amended) 2022-06-17
Application for authorization to examine a person 2023-01-09
Application for authorization to examine a person 2023-01-11
Communication d'information 2023-02-17
Jugement (communication d'information)) (Granted) 2023-05-16
Judgement on an application for leave to adduce evidence (Authorized) 2024-01-30
Notice of Substitution of Attorneys (Art 194 CCP) 2024-04-18
Application for leave to adduce evidence 2024-05-31
Application for leave to adduce evidence 2024-05-31
Judgement on an application for leave to adduce evidence (Granted) 2024-07-23
De Bene Esse Motion for Leave to Amend the Re-Amended Application for Authorization (Art 206 and 585 CCP) 2024-12-27
RE-RE-AMENDED APPLICATION FOR AUTHORIZATION OF A CLASS ACTION AND FOR AUTHORIZATION TO BRING AN ACTION PURSUANT TO SECTION 225.4 OF THE QUÉBEC SECURI 2024-12-27
RE-RE-AMENDED APPLICATION FOR AUTHORIZATION OF A CLASS ACTION AND FOR AUTHORIZATION TO BRING ACTION 225.4 SECURITIES ACT 2025-03-11
Jugement sur une contre-expertise (Denied) 2025-03-17
Entente de règlement 2025-07-16
Settlement Agreement 2025-07-16
APPLICATION TO AUTHORIZE A CLASS ACTION FOR SETTLEMENT PURPOSES, APPROVE A NOTICE TO CLASS MEMBERS AND NOTICE PLAN, SET THE OBJECTIONS AND OPT-OUT DEA 2025-08-12
Judgment on out-of-court settlement (Granted) 2025-08-22
Notice to class members 2025-08-27
Notice to Class Members 2025-08-27
Opt Out Form 2025-08-27
Formulaire d'exclusion 2025-08-27
APPLICATION TO APPROVE A SETTLEMENT AGREEMENT AND FOR OTHER RELIEF 2025-11-06
Jugement sur approbation d'entente (Granted) 2025-11-25
Claims form 2025-12-04
Claim Form 2025-12-04
Plan of Allocation (plan de répartition) 2025-12-04
Notice Plan (Plan de distribution des avis) 2025-12-04
Notice of Settlement 2025-12-04
Notice to class members – full settlement 2025-12-04

Counsels for the applicant:

Name E-mail Phone Adresse Name of Law Firm Website
Zukran, Joey [email protected] 514 379-1572 276, rue Saint-Jacques, bureau 801, Montreal, Quebec, Canada , H2Y 1N3 LPC Avocat inc. www.lpclex.com

Counsels for the defence:

Name E-mail Phone Adresse Name of Law Firm
Paré, Frédéric [email protected] 514 397-3690 1155, boul, René-Lévesque, 41e étage, Montréal, Quebec, Canada , H3B 3V2 Frédéric Paré

Application stage

1 - Authorization - Application to the Superior Court for authorization to institute a class action

Courthouse

Montréal

Date of filing of the application for authorization to institute a class action

2021-10-01

File no.

500-06-001164-215

Subject

Valeurs mobilières; Liability

This case concerns

Misrepresentations made by the Defendants between March 7, 2019 to November 3, 2021, inclusively

Name of parties

Holcman v. Lightspeed Commerce Inc., Lightspeed POS Inc., Dax Dasilva et als.

"Class" and "Class Members" are comprised of the following, other than the Excluded Persons: (i) Primary Market Sub-Class: All persons and entities who acquired Lightspeed Commerce Inc. or Lightspeed POS Inc. securities in an Offering on or after March 7, 2019, and held some or all of those securities until after the close of trading on (1) September 28, 2021 or (2) November 3, 2021, excluding United States residents who acquired Lightspeed Commerce Inc. or Lightspeed POS Inc. securities in an Offering in the United States between September 11, 2020 and September 28, 2021; and (ii) Secondary Market Sub-Class: All persons and entities who acquired Lightspeed Commerce Inc. or Lightspeed POS Inc. securities on the secondary market on or after March 7, 2019, and held some or all of those securities until after the close of trading on (1) September 28, 2021 or (2) November 3, 2021, excluding investors who acquired Lightspeed Commerce Inc. or Lightspeed POS Inc. securities on a U.S. exchange between September 11, 2020 and September 28, 2021;
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