The parties have reached a proposed settlement of this class action for US$13.5 million to resolve all claims asserted on behalf of persons who acquired Tahoe shares between May 24, 2017 and July 5, 2017 on any Canadian exchange (including the Toronto Stock Exchange) or any Canadian alternative trading system, or on any exchange or trading platform outside Canada and the United States (“Canadian Class”).  You are presumed to be a member of the Canadian Class if you purchased Tahoe shares during this period and your trading records have the ticker symbol “THO” for those purchases.

The settlement is subject to approval by the Ontario Superior Court of Justice.  A settlement approval hearing has been set for September 26, 2023.  At that same hearing, the Court will also consider a motion to approve Class Counsel’s fees, which will not exceed 28% of the recovery plus reimbursement for expenses incurred in the litigation.

• A summary rationale for the proposed settlement can be found here.
• The evidence in support of approval of the Settlement Agreement, Canadian Plan of Allocation and Canadian Plaintiff’s Counsel’s fee request can be found here and here.
• Canadian Plaintiff’s Counsel’s written submissions in support of approval of the Settlement Agreement, Canadian Plan of Allocation and Canadian Plaintiff’s Counsel’s fee request can be found here.

To be eligible for compensation from the settlement, Canadian Class Members must submit a Claim Form to the Canadian Claims Administrator no later than January 3, 2024.  Please visit www.TahoeCanadianSettlement.ca for further details or refer to the Short Form and Long Form Notices.

If you do not wish to be bound by the settlement or receive any benefits from it, you must opt out by no later than September 5, 2023.  If you wish to object to the settlement, you must do so by no later than September 5, 2023.

A separate settlement for US$19.5 million has been reached on behalf of persons who purchased or otherwise acquired Tahoe’s common stock in the United States or on the NYSE between April 3, 2013 and August 24, 2017, inclusive (“U.S. Class”). You are presumed to be a U.S. Class Member if you purchased Tahoe common stock during this period and your trading records have the ticker symbol “TAHO” for those purchases. The U.S. settlement is being administered separately. If you are a U.S. Class Member, visit www.USTahoeSettlement.com for more information about that settlement.

For more details, please review the long form notice is available by clicking here.

The short form notice is available by clicking here.

The Settlement Agreement is available by clicking here.

The Plan of Allocation is available by clicking here.

What is a Class Action?

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

Who is affected by the Tahoe class action?

You are affected by this proposed class action and may be a “member” of the proposed class if you acquired Tahoe securities from and including May 24, 2017 through to and including July 5, 2017 on any Canadian exchange (including the Toronto Stock Exchange) or any Canadian alternative trading system, or on any exchange or trading platform outside Canada and the United States.

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

No. Class counsel are paid a percentage of any settlement or court award. Class counsel fees are subject to court approval.

• Reasons for Decision
• Settlement Agreement
• Plan of Allocation
• Long-Form Notice (Certification and Settlement)
• Short-Form Notice (Certification and Settlement)
• Order of Justice Glustein issued on June 13, 2023
• Summary Rationale