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Investors seek certification of their fraud claim against Volkswagen AG
February 6, 2018. Quebec-based investors, represented by Morganti & Co. and Faguy & Co., made submissions to the court to exercise jurisdiction and certify the investor fraud claims against Volkswagen AG. The investors are seeking to represent other similarly situated investors that purchased Volkswagen AG’s securities on European and U.S. stock exchanges on the basis…
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Andrew Morganti hits the Airwaves
February 3, 2018. Wolfgang Klein of HiFi Radio with The Wolf on Bay Street (640 Toronto) invited Andrew Morganti to explain how his Firm helps investors get money back from bad investments against domestic and foreign companies.
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Morganti & Co. is successful in getting claims arising from a private placement certified
January 29, 2018. The Firm was approached investors in a private placement offered by a small Toronto-based company. They allege that they were mislead as to management’s intention to co-invest and how the funds were going to be used. Among the claims that were certified, the investors are seeking the return of their capital plus…
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Morganti & Co., P.C. enters Bay Street Market for Associates’ Salaries
January 2, 2018. Morganti & Co., P.C. has announced that it has increased first year associate base-salaries to $100,000, and has adopted a five-year track to become a principal at the Firm. Eli Karp, the Firm’s newly elected principal and director, adds that the new compensation structure reflects a continued and thorough commitment to recruiting…
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Morganti & Co., P.C. secures ruling that protects Canadian investors that purchase securities on foreign stock exchanges
December 20, 2017. In Paniccia v. MDC Partners, Inc., et al, 2017 ONSC 7298, the Ontario Superior Court dismissed the defendants’ attempt to restrict the investor class to investors that purchased the shares domestically on the Toronto Stock Exchange. Justice Perell agreed with the investors, and in doing so found the defendants’ expert Professor John…
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Investors in Mining Stocks Strike Another Victory in Court
December 20, 2018. Morganti & Co., P.C. announces that the Ontario Divisional Court has denied the defendants’ motion to appeal Justice Belobaba’s decision granting the investors leave to proceed to advance to trial asserting their provincial Securities Act claim found at Wong v. Pretium Resources Inc., et al., 2017 ONSC 3361. The Courts have concurred…
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Ontario Court certifies claim against Hycroft Mining Corporation
January 8, 2018. The Ontario Superior Court of Justice released an order certifying a claim against Hycroft Mining Corporation (“Hycroft”) on behalf of all investors that purchased Hycroft’s pursuant to the May 9, 2013 secondary public offering. Lawyers Eli Karp and Hadi Davarinia are advancing the proceeding into discovery towards a trial of the common…
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Morganti Legal, P.C. Announces Shareholder Investigation of DHX Media Ltd.
TORONTO–(BUSINESS WIRE)–Morganti Legal announces that it has been contacted by investors to investigate DHX Media Ltd. (TSX: “DHX.A” and “DHX.B”, NASDAQ: “DHXM”, and FRA: “D6X”) and whether it released misrepresentations about its businesses, financial structure, and operations in order to artificially inflate its perceived investment quality and corresponding share price. Investors that have realized or…
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Notice of Certification and Notice of Hearing for Settlement Approval of the Barkerville Gold Mines Ltd. Securities Class Action
TORONTO–(BUSINESS WIRE)–A settlement has been reached in the putative class action against “Barkerville Gold Mines Ltd.”, TSXV: “BGM” pursuant to which the action will be dismissed if the settlement is approved by the Court. The putative class consists of all persons, other than Excluded Persons, who acquired “Barkerville Gold Mines Ltd.”, TSXV: “BGM” securities during…
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SHAREHOLDER ALERT: Morganti Legal, P.C. Announces Court Allows Shareholder to Commence Securities Cause of Action Against Pretium Resources Inc.
TORONTO–(BUSINESS WIRE)–Morganti Legal, P.C., announces on July 20, 2017, the Ontario Superior Court of Justice authorized the investor in the class action styled Wong v. Pretium Resources (CV-13-00491800-CP) to proceed with a section 138.3 Securities Act cause of action against Pretium Resources Inc. and Robert A. Quartermain. The plaintiff alleges that Pretium Resources Inc. (“Pretium”) (TSX: “PVG”) released documents…
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Morganti Legal, P.C. Announces Shareholder Investigation of Colt Resources, Inc.
TORONTO–(BUSINESS WIRE)–Morganti Legal, P.C., announces that it has been contacted by investors to investigate Colt Resources, Inc. (TSX-V: “GTP” and CUSIP: “196874”) and Nikolas Perrault, the Company’s former President and Chief Executive Officer. The focus of the investigation concerns the unauthorized and unannounced allocation of the Company’s capital to Turcolt Resources Madencilik Anonim Sirketi (“Turcolt”)…
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Detour Gold Settlement Receives Court Approval
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…
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Morganti Legal: Amendments to Allied Nevada Gold Corp and Hycroft Mining Corporation Class Action Litigation
TORONTO–(BUSINESS WIRE)–Morganti Legal, P.C., a cross border shareholder’s rights law firm, announces that the plaintiff for the putative class action on behalf of shareholders of “Allied Nevada Gold Corp.”, TSX: “ANV” (now known as Hycroft Mining Corporation) has obtained leave from the Ontario Superior Court of Justice to abandon the claims of those shareholders who…
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Morganti Legal’s Summer Student Earns Victory in Chicago
Morganti Legal’s 2016 summer student, Joseph Tung, along with partner Adam Fucile were awarded overall winning team of The Regional Transactional LawMeet Competition held on February 24, 2017 at Northwestern University School of Law in Chicago. Joseph and Adam, on behalf of University of Detroit Mercy School of Law, competed against eleven other teams from across North America…
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Shareholder Investigation of BT Group plc
TORONTO–(BUSINESS WIRE)–Morganti Legal, a firm focused on representing shareholders with investments in international companies, has commenced an investigation into potential violations of securities laws by BT Group plc (NYSE: BT, LSE: BT.A, and FSE: BTQ) in connection with the Company’s “inappropriate” accounting in its Italian division. On October 27, 2016, BT Group announced an internal investigation…