This official website is maintained by the Administrator under the supervision of counsel to the parties in the action titled Harpreet Badesha v. Cronos Group Inc. et al. (CV-20-00641990-00CP) (the “Ontario Cronos Class Action”), now pending in the Ontario Superior Court of Justice.
The information contained on this web page is only a summary of information presented in more detail in the
Long Form Notice,
(the “Notice”), which you can access by clicking here.
Since this website is just a summary, you should review the Notice for additional information.
The purpose of this website is to inform potential Class Members: (1) of a class action lawsuit that is now pending in the Ontario Superior Court of Justice referred to as Harpreet Badesha v. Cronos Group Inc. et al. (CV-20-00641990-00CP) (the “Ontario Cronos Class Action”) and (2) that the Action has been certified by the Court to proceed as a class action on behalf of the Class, as defined below. There is no settlement, and you are not being asked to submit a claim.
The Court-certified Class consists of all persons and entities who, during the period from May 9, 2019 at 6:59 a.m. ET to March 30, 2020 at 4:33 p.m. ET (the “Class Period”), acquired Cronos shares in the secondary market other than Excluded Persons.
“Excluded Persons” means (i) Cronos and its subsidiaries, affiliates, officers, directors, senior employees, legal representatives, heirs, predecessors, successors and assigns, Michael Gorenstein or Jerry Barbato and any member of their families and any entity in which any of them has or had during the Class Period any legal or de facto controlling interest; and (ii) all persons and entities who sold or otherwise disposed of all their Cronos shares before February 24, 2020 at 7:30 a.m. ET.
If you are a member of the Class, your rights will be affected by this Action and you may be entitled to participate in any benefits that may eventually be obtained for the Class as a result of this lawsuit. There is, however, no assurance that a judgment in favor of the Class will be granted. Please read the Notice to fully understand your rights and options.
The purpose of this website is to inform potential Class Members: (1) of a class action lawsuit that is now pending in the Ontario Superior Court of Justice referred to as Harpreet Badesha v. Cronos Group Inc. et al. (CV-20-00641990-00CP) (the “Ontario Cronos Class Action”) and (2) that the Action has been certified by the Court to proceed as a class action on behalf of the Class, as defined below. There is no settlement, and you are not being asked to submit a claim.
The Court-certified Class consists of all persons and entities who, during the period from May 9, 2019 at 6:59 a.m. ET to March 30, 2020 at 4:33 p.m. ET (the “Class Period”), acquired Cronos shares in the secondary market other than Excluded Persons.
“Excluded Persons” means (i) Cronos and its subsidiaries, affiliates, officers, directors, senior employees, legal representatives, heirs, predecessors, successors and assigns, Michael Gorenstein or Jerry Barbato and any member of their families and any entity in which any of them has or had during the Class Period any legal or de facto controlling interest; and (ii) all persons and entities who sold or otherwise disposed of all their Cronos shares before February 24, 2020 at 7:30 a.m. ET.
If you are a member of the Class, your rights will be affected by this Action and you may be entitled to participate in any benefits that may eventually be obtained for the Class as a result of this lawsuit. There is, however, no assurance that a judgment in favor of the Class will be granted. Please read the Notice to fully understand your rights and options.
Please read the Notice carefully.
| WHAT ARE MY OPTIONS? | |
|---|---|
| Do Nothing. | Do nothing if you want to participate in the Ontario Cronos Class Action. Class members who want to participate in the Ontario Cronos Class Action are automatically included and need not do anything at this time. However, class members who do not opt out of the Ontario Cronos Class Action will be bound by any settlement of that action, which may impact or eliminate the ability of those class members to participate in the U.S. Proceeding, including, but not limited to, any judgment or settlement in the U.S. Proceeding. In Ontario, class members may object to a proposed settlement but, if approved by a court, they do not have a right to appeal the approval of the settlement. This differs from their rights in the U.S., where they would have the right to appeal an approval of a settlement of the U.S. Proceeding. |
|
Opt-Out by July 22, 2024 (11:59 p.m. ET). |
You must opt-out if you do not want to be bound by the Ontario Cronos Class Action. Each class member who does not opt-out
of the Ontario Cronos Class Action will be bound by the terms of any judgment or settlement, whether favourable or not, and will
not be allowed to prosecute an independent action. Class members who do not want to be bound by the outcome of the Ontario Cronos Class Action must “opt-out”, meaning that they must exclude themselves from the Ontario Cronos Class Action in accordance with the procedure described herein. |
