Amaya Inc. (TSE: AYA, Nasdaq: AYA, FRA: 0AY)

Quebec Superior Court, Court File No.: 500-06-000785-168

This Action concerns the directors and officers of Amaya Inc., a Responsible Issuer, during the Class Period publishing Core Documents containing Misrepresentations about its Code of Business Conduct and Ethics, making omissions of Material Fact about Company insiders’ involvement in a massive insider-trading scheme, and the manipulation of the price of Amaya’s publicly-traded securities during the time-periods that this Company was raising capital and engaging in acquisitions of its rivals.

During 2016, the Representative Plaintiff filed his re-amended motion for authorization with the Quebec Superior Court.  Pursuant to section 225.33 of the Quebec Securities Act, the shareholders’ claim is capped at approximately CDN $38 million.

During November 2019, the parties reached a settlement agreement for CDN $30 million (e.g., approximately 80% of the total amount available under provincial law) to resolve the claims against TSGI. The settlement is conditional upon the approval of the Quebec Superior Court. If the settlement is approved by the court, investors who purchased TSGI securities between March 31, 2014 and March 22, 2016 and still held some of those securities until March 23, 2016, will be able to submit a claim to be compensated.

Claim or Motion for Authorization issued: March 24, 2016

Class Period: March 31, 2014 to March 22, 2016

Shareholders’ Canadian Counsel: Andrew J. Morganti, Morganti & Co.; and Shawn Faguy, Faguy & Co.

Shareholders’ Canadian Expert(s): Alan Mak, Ferguson + Mak LLP

Defendants’ Canadian Counsel: Osler, Hoskin & Harcourt LLP

Defendant Amaya’s U.S. Counsel: Greenberg Traurig, LLP

Defendant Baazov’s U.S. Counsel: Mintz Levin Cohen Ferris Glovsky & Popeo PC

Defendant Seabag’s U.S. Counsel: Ifrah PLLC

Defendants Gadhia and Goodson’s U.S. Counsel: Riker Danzig Scherer Hyland & Perretti LLP