CASES
Baffinland Iron Mines Corporation
Class Period: Sep 22, 2010 to Feb 17, 2011
Summary of Case:
A securities class action has been filed against Baffinland Iron Mines Corporation ("Baffinland or the "Company") on behalf of persons who bought Baffinland common stock from September 22, 2010 through February 17, 2011. This case has been filed in the Ontario Superior Court of Justice.
The claims arise from the takeover bid for the shares of Baffinland Iron Mines Corporation completed in February of 2011. The action alleges, among other things, that the documents provided to BIM's securityholders in support of the takeover omitted or misstated information material to the assessment of the bid. According to the claims, contrary to their obligations under Canadian securities law, the offerors and BIM provided Plaintiff and the Class Members with materially misleading disclosure, replete with misrepresentations about the business and affairs of BIM.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.