Morganti Legal is proud to announce that on June 27, 2017, the Ontario Superior Court of Justice approved the final settlement in this securities class action against Detour Gold Corporation (“Detour“) and its former Chief Executive Officer Gerald Panneton.
The claim was brought on behalf of shareholders of Detour who acquired its securities during the period from March 12, 2013 to and including November 7, 2013 in the secondary market, or in Detour’s secondary public offering dated June 11, 2013, who held some or all of those securities at the close of trading on November 7, 2013, andalleged that Detour had made misrepresentations regarding its financing and with respect to its production guidance during the class period.
Class Members have until September 29, 2017 to file a claim to participate in the settlement. You may obtain further information about the class action here.
For information about the terms of the settlement or how to make a claim for part of the settlement proceeds, or to obtain a claim form, please visit the website of the Settlement Administrator at www.detourgoldsettlement.com.