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Developments

In February 2014, the parties to the Ontario and Québec actions reached an agreement to settle the actions for the amount of $12.9 million. You can obtain further information relating to the settlement at www.armtecclassaction.com. Persons who believe that they may be members of the proposed class are encouraged to contact Siskinds LLP for further information by completing the contact form below.

FAQs

Who is affected by this class action?

You are affected by this class action and a member of the class if you acquired Armtec securities, either pursuant to the prospectus or on the secondary markets or both, during the period, March 24, 2011 to and including June 8, 2011, and held some or all of those securities at the close of trading on June 8, 2011 (provided that you are not an “excluded person”).

What is a class action?

A class action is a lawsuit that is brought by one or more person on behalf of a larger group of people whose claims share common legal and/or factual issues. Class actions provide a cost-effective way for groups of people with common interests to pursue a legal claim.

What does “certification” mean?

Certification is the motion where the court determines whether the action can properly be pursued as a class action. The court will consider factors such as whether the claims of the class members raise common legal and/or factual issues and whether a class action is the preferable method of pursuing the claims (as opposed to other methods, such as individual actions).

Do I have to pay anything to participate in the class action?

Class action lawyers are usually paid on a contingency basis. This means that class counsel are only paid if successful. Class counsel are paid a percentage of any settlement or court award. Class counsel fees are subject to court approval.

What should I do to protect my rights?

To protect your rights, you should:

  1. Keep any documents that you have relating to this litigation, including any documents evidencing your transactions in the issuer’s securities.
  2. Register to receive updates on this case by filling out the form below.

I still have a question. Who should I contact?

Please complete the contact form provided below.

In February 2014, the parties to the Ontario and Québec actions reached an agreement to settle the actions for the amount of $12.9 million. You can obtain further information relating to the settlement at www.armtecclassaction.com. Persons who believe that they may be members of the proposed class are encouraged to contact Siskinds LLP for further information by completing the contact form below.

Who is affected by this class action?

You are affected by this class action and a member of the class if you acquired Armtec securities, either pursuant to the prospectus or on the secondary markets or both, during the period, March 24, 2011 to and including June 8, 2011, and held some or all of those securities at the close of trading on June 8, 2011 (provided that you are not an “excluded person”).

What is a class action?

A class action is a lawsuit that is brought by one or more person on behalf of a larger group of people whose claims share common legal and/or factual issues. Class actions provide a cost-effective way for groups of people with common interests to pursue a legal claim.

What does “certification” mean?

Certification is the motion where the court determines whether the action can properly be pursued as a class action. The court will consider factors such as whether the claims of the class members raise common legal and/or factual issues and whether a class action is the preferable method of pursuing the claims (as opposed to other methods, such as individual actions).

Do I have to pay anything to participate in the class action?

Class action lawyers are usually paid on a contingency basis. This means that class counsel are only paid if successful. Class counsel are paid a percentage of any settlement or court award. Class counsel fees are subject to court approval.

What should I do to protect my rights?

To protect your rights, you should:

  1. Keep any documents that you have relating to this litigation, including any documents evidencing your transactions in the issuer’s securities.
  2. Register to receive updates on this case by filling out the form below.

I still have a question. Who should I contact?

Please complete the contact form provided below.