TORONTO & LONDON, Ontario--(BUSINESS WIRE)--Siskinds LLP today announced the commencement of a securities class action against GreenStar Agricultural Corporation (f.k.a. China Green Star Agricultural Corporation) (TSX-V:GRE), certain of its current and former directors and officers and its former auditor.
The action relates to the circumstances surrounding GreenStar’s failure to complete 2013 audit procedures and the resignation of its Canadian directors and management. The action alleges that, among other things, documents released by GreenStar, including certain of its audited and unaudited financial statements and the subscription agreement for its 2014 private placement, contained material representations that were untrue. It is alleged that the defendants have liability for damages sustained by the proposed class. The action is brought to recover losses suffered by all persons, subject to certain exclusions, who held GreenStar securities on June 4, 2014.
Inquiries regarding this proposed class proceeding can be directed to Nicole Young at Siskinds LLP at (800) 461-6166 (ext. 2380) or firstname.lastname@example.org. Holders of GreenStar securities on June 4, 2014 who wish to obtain information and updates about this proceeding may complete an online information form at: http://www.classaction.ca/joinaction.aspx?action=greenstar.
About Siskinds LLP
Siskinds LLP (http://siskinds.com/) is a full-service law firm headquartered in London, Ontario. Its class actions team has recovered over $450 million for investors over the last 10 years. In each of 2010, 2011, and 2013, Siskinds has been ranked the top Canadian firm in the SCAS 50, an annual global ranking of the world’s 50 leading securities class action law firms published by Securities Class Action Services, a unit of Institutional Shareholder Services (ISS).