As it corrected the errors by restating its results for fiscal years 2014 and 2015, the share price plummeted by as much as 80 per cent, wiping tens of billions of dollars from its market value. A class-action lawsuit brought on behalf of investors against Valeant Pharmaceuticals Inc. will go to trial. A class action on behalf of investors in Valeant is proceeding in Quebec. The certification order will always contain a description of who is a class member. A copy of Justice Mainville’s decisions is available here. October 8, 2020 French - Long Form Notice, October 8, 2020 English - Long Form Notice, December 9, 2019 Notice of Discontinuance of Class Actions in Ontario (regarding PwC Settlement) (English), December 5, 2019 Order Sukenaga - Dismissal, Amendment and Discontinuance, November 12, 2019 Order Approving Settlement Agreement, November 12, 2019 Order Approving Class Counsel Fees, November 12, 2019 Order Approving Plan of Allocation, September 18, 2019 Plan of Allocation - French, September 10, 2019 French Long Form Notice, September 10, 2019 English Long Form Notice, September 10, 2019 Plan of Allocation - English, February 2, 2017 Fresh as Amended Statement of Claim, December 17, 2016 Statement of Claim (PWC & audit committee), ← U.S. Steel Canada Inc. (formerly Stelco), Veterans’ Disability Pension Miscalculation Class Action →. A copy of the Long Form Notice is available here.

LIST OF VALEANT CLASS ACTIONS COMMENCED ACROSS CANADA The following class actions on behalf of investors of Valeant's common shares and notes were commenced across Canada: (1) Catucci and Aubin v. Valeant International Pharmaceuticals Inc., et al (Court File No: 500-06-00783-163), commenced in the Québec Superior Court in Montreal (the “Catucci The lawsuit points out that Valeant identified significant weaknesses in its internal controls over financial information. "We are very pleased that this case has passed this initial hurdle and will now be able to move ahead to a determination on its merits," stated Michael Robb, a partner at Siskinds, one of the consortium of Canadian law firms that brought the suit. The hearing before Justice Chantal Chatelaine for authorization and leave to proceed with statutory claims on behalf of purchasers on the secondary market has concluded. The Consolidated Ontario and the Sukenega Actions are different in some ways from the Catucci Action which was authorized as a class proceeding and moving forward in Quebec. A copy of the Settlement Agreement is available here. Because of these differences, the discontinuances of the Consolidated Ontario and the Sukenega Actions may impact your rights.

If you have any questions, please call Strosberg Sasso Sutts LLP at 519.561.6296, Siskinds LLP at 800.461.6166, ext 2206 or Faguy & Co. at 1.514.285.8100. The defendants have sought leave to appeal the decision of Justice Chatelain. A copy of Justice Mainville’s decisions is available here. Do not rely upon the information provided on this website as legal advice in respect of your individual situation nor use it as a substitute for individual legal advice.This website is updated from time to time to provide class members with further information. ", Audience Relations, CBC P.O. A deadline is imposed for opting out. For more information on the discontinuance of the actions in Ontario and how your rights may be impacted, please review the. Leave to proceed with the claims under the Securities Act was granted by the Quebec Superior Court. Justice Chatelaine has reserved her decision. Similarly the Catucci class action does not name Laizer D. Kornwasser as a defendant.

Box 500 Station A Toronto, ON Canada, M5W 1E6. The class members in the proposed class action against Valeant Pharmaceuticals International, Inc., now known as Bausch Health Companies Inc., and others, commenced in Ontario by Strosberg Sasso Sutts LLP are now members of the Valeant Canadian Class that was authorized (certified) by order of Justice Chatelin of the Superior Court of Quebec on August 29, 2017. The Ontario Fresh as Amended Statement of Claim is available here. Justice Perell granted carriage of the action to Koskie Minsky LLP and Sutts, Strosberg LLP.

The settlement is a compromise of disputed claims, without any admission of liability by PwC, and was approved by the Superior Court of Quebec on November 12, 2019. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. The court will ultimately decide who will be included as a class member.The site is not designed to answer questions about your individual situation or entitlement.

The hearing for the defendants’ motion for leave to appeal has concluded. The class action filing against Valeant Pharmaceuticals International Inc. was filed in the U.S. District Court for the District of New Jersey on behalf of investors who purchased securities in the company during the class period between Feb. 28, 2014 and Oct. 21, 2015, according to a press release. We post the certification orders in our actions so that you can review them. A carriage motion to determine which action filed in Ontario will proceed has been scheduled to be heard on April 8, 2016.

It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges.

In that case, class counsel fees may be paid by the defendants or out of the settlement or judgment proceeds as approved by the court. The company couldn't be immediately reached for comment.

If you do not opt out by the given deadline, class members will be bound by the outcome of the class action, whether it is successful or unsuccessful. Typically, class actions are handled on a contingency fee basis, which means that the class action lawyers will be paid only if the class action is successful at trial or settled. In addition, the plaintiff may seek funding assistance from the Class Proceeding Fund which, if funding is granted, may provide funding for disbursements. Can I opt out of a class action and pursue independent legal action?

The Ontario Fresh as Amended Statement of Claim is available here. This is a class action against Valeant Pharmaceuticals International, Inc., its officers and directors, auditor, and underwriters which alleges that the company and certain of the company’s senior officers failed to disclose Valeant’s relationship with Philidor Rx Services LLC. This website has been established to provide general information related to the proposed settlement of the lawsuit known as In re Valeant Pharmaceuticals International, Inc. Securities Litigation, Master No. ©2015 KOSKIE MINSKY LLP

Please feel to contact us by using the contact information on this site. A copy of the Plan of Allocation is available here. The defendants in the Canadian class action include Valeant and certain of its past and present directors and officers, its auditors, PricewaterhouseCoopers, and a subscriber group including Goldman Sachs, Barclays Capital, HSBC Securities, Morgan Stanley, RBC Capital Markets, Citigroup Global Markets, CIBC Markets Merrill Lynch, JP Morgan Securities, TD Securities and BMO Capital Markets. One of the ways to ensure that happens is by holding them to account in the courts.

The parties are now entering the discovery phase of the litigation.

Some of the factors the courts consider are the extent to which the claims of the class members are common, and whether a class action is preferable to other methods (such as individual actions) of advancing the issues. For more information on the settlement, please review the following documents: As a term of the settlement, the parties agreed to discontinue all related actions in Ontario. A copy of the decision is available here. If certified, a representative plaintiff will advance the action on behalf of all of the class members.

If you opt out, you will not receive any benefit if the action is successful.

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