MONTREAL--(BUSINESS WIRE)--The law firms of Faguy & Co. and Morganti & Co., P.C. publishes this press release of the Notice directed to all persons and entities, excluding certain persons associated with the Defendants, who acquired securities of THE STARS GROUP INC. between March 31, 2014 to March 22, 2016 (collectively, the “Class” or “Class Members”).
On March 24, 2016, a proposed class action was commenced against The Stars Group Inc. (“TSGI”) and others in the Superior Court of Québec (“Class Action”). The parties have reached an agreement to settle the Class Action for the all-inclusive sum of CDN $30 Million, subject to court approval (“Agreement”). The parties have reached the Agreement without any admission of liability on the part of the Defendants. In fact, the Defendants have denied and continue to deny each and all of the claims and allegations of wrongdoing made by the Plaintiff in the Class Action. The settlement approval hearing for the Class Action was initially scheduled for April 7, 2020 (“Settlement Approval Hearing”).
As a result of the temporary closure of the Montreal Courthouse for non-urgent matters, the Settlement Approval Hearing has been postponed to a date that is yet to be determined. A further notice will follow once the new date for the Settlement Approval Hearing has been determined.
This postponement will not impact the claims process, which will not begin until after the Settlement Approval Hearing. This postponement will also not impact any other orders issued by the Court.
Further information can be obtained at http://faguyco.com/en/portfolio/amaya-class-action/ or on the dedicated settlement website https://www.amayasecuritiessettlementcanada.com/ or by contacting the Administrator at Tel : 1-877-400-1211 Email : email@example.com. Questions about matters in this notice should NOT be directed to the Superior Court