Hi Folks: Long time no hear. Still keep an eye on the message board though. I also received an email from siskinds.
I wrote them back and asked for an update on VRS because their newsrelease had no info on VRS.
Here is the correspondence. Hope it helps. IADEN
Dear (Iaden),
My clerk forwarded me your correspondence. We appreciate your continued interest in this case. As you may or may not be aware, the Ontario Superior Court recently approved Allen-Vanguard's Plan of Arrangement and Reorganization which had the effect of restricting the defendants in our proposed class action to certain of its current and former officers and directors. Our firm is still pursuing a class action as against those individuals, however as noted on our website the recovery has been limited to the available insurance coverage. We will update our website should any new developments occur. I have added in a web link to this site for your reference: classaction.ca
Yours very truly,
Scott Selig.
________________________________________
From:(IADEN)
Sent: Monday, March 22, 2010 8:27 PM
To: Nicholas Baker
Subject: RE: Siskinds LLP Announces Settlement of the CP Ships Ltd. and Orsu Metals Corporation, New Cases Under Investigation, and the Certification of the Gammon Gold Class Action
Thank you for the update, however, this shows nothing with respect to my class action suit of
Allen Vanguard.
Please advise where we stand?
Thank you in advance
(IADEN)
From: Nicholas Baker [mailto:nicholas.baker@siskinds.com]
Sent: Monday, March 22, 2010 5:22 PM
To: Nicholas Baker
Subject: Siskinds LLP Announces Settlement of the CP Ships Ltd. and Orsu Metals Corporation, New Cases Under Investigation, and the Certification of the Gammon Gold Class Action
Siskinds LLP Announces Settlement of the CP Ships Ltd. and Orsu Metals Corporation Securities Class Action
Siskinds is pleased to announce that the Quebec Superior Court and Ontario Superior Court of Justice have approved the settlement of the CP Ships securities class action. CP Ships has agreed to pay $12.8 million into a settlement fund.
If you purchased securities of CP Ships from January 29, 2003 to and including August 9, 2004, and held some or all of those securities on August 9, 2004, please contact our firm to determine if you are entitled to compensation.
We are pleased to further announce that the Ontario Superior Court of Justice has approved the settlement of the Orsu Metals Corporation (“OSU”) [formerly known as European Minerals Corporation] securities class action. OSU has agreed to pay C$2.2 million into a settlement fund.
If you purchased securities of OSU from May 16, 2007 to the close of trading on March 31, 2008 and held some or all of those securities as of April 1, 2008, please contact our firm to determine if you are entitled to compensation.
Cases Under Investigation
Our firm routinely performs investigations relating to the securities of publicly traded corporations. We are interested in speaking to investors who are or have been shareholders of the following companies:
• Aastra Technologies (AAH);
• CAE Inc.;
• True Energy Trust (TUI.UN);
• UEX Corporation (UEX);
• Niko Resources (NKO);
• Vitran Corporation, Inc. (VTN); and
• Xtreme Coil Drilling Corp.(XDC).
Our firm is also interested in speaking to investors who purchased shares of:
? Canadian Superior Energy Inc. (SNG) between January 14, 2008 and February 17, 2009.
If you currently own any of the above named securities, please contact:
Scott Selig at 1-800-461-6166 ext. 7824 or email scott.selig@siskinds.com
Gammon Gold Inc.
On March 16, 2010, the Ontario Superior Court certified a class proceeding against Gammon Gold Inc. and various other defendants
We encourage all persons who purchased securities of Gammon Gold between October 10, 2006 and August 9, 2007 to contact our firm.
********************************
Siskinds LLP is based in London Ontario, with law offices in Toronto, Windsor, and an affiliate law firm in Quebec city. Its class action department is one of the largest and most active in Canada. For more information about our firm and our class action practice, we encourage you to visit our website at www.classaction.ca.
Nicholas Baker
Law Clerk
Siskinds LLP
680 Waterloo Street
London, ON N6A 3V8
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