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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (74040)	2/4/2020 9:22:05 AM
From: Goose94	Read Replies (1) of 202925

Can'tTrust (TRST-T) a consortium of law firms that includes Henein Hutchison LLP has been given the go-ahead by an Ontario court to proceed with a class-action lawsuit against Canntrust Holdings and its former executives. The lawsuit -- which centres around a May 2019 equity offering by Canntrust led by a slew of prominent investment banks including RBC Dominion Securities, Canaccord Genuity and Jefferies Securities -- was filed last August, but held up in court because two other law firms had jointly built up an investor class-action case against Canntrust. In a scenario where multiple class-actions are filed in the same jurisdiction against the same entity, the courts are in charge of managing class proceedings and must determine which case best represents the interests of the class members -- in this case, Canntrust investors. Ontario Superior Court Justice J. Hainey ruled on Jan. 28, that the law firms of Thornton Grout Finnigan and Rochon Genova were deemed ineligible to launch a class-action against Canntrust because RBC is a client of Thornton Grout Finnigan.

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