Summary
1. The law firm of Sutts, Strosberg LLP is counsel in a proposed class action against Armtec Infrastructure Inc. (“Armtec”), Charles M. Phillips, James R. Newell, Michael S. Skea, Donald W. Cameron, Scotia Capital Inc., TD Securities Inc. and BMO Nesbitt Burns Inc. .
2. The claim is on behalf of all persons, other than certain persons associated with the defendants, who acquired Armtec securities on the TSX, or pursuant to the prospectus, on or after 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 (the "Class Members").
3. The plaintiff alleges that before Armtec raised capital in public markets, the defendants knew or ought to have known that Armtec had not achieved the level of earnings required in order to pay dividends.
4. On June 8, 2011, Armtec disclosed that its financial results for the first quarter ended March 31, 2011 were disappointing and that it was immediately suspending its dividend. Since the announcement, the price of Armtec’s shares have declined by more than 60 percent.
5. If you acquired Armtec securities pursuant to a prospectus on or after 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, please enter the information requested on the communication page.
6. If you have any questions, please call Sutts, Strosberg LLP at 1.800.229.5323, extension 8296.
7. If you would like to know more about how a class action works, click here.
IMPORTANT NOTE
This website provides general information to potential class members on a class action that has been commenced against Armtec Infrastructure. The court will ultimately decide who will be included as a class member.
The information collected about potential class members will assist counsel in prosecuting the class action and assessing what damages were suffered by the class as a whole. Providing the information requested does not make you a client of Sutts, Strosberg LLP.
The site is not designed to answer questions about your individual situation or entitlement. Do not rely upon the information provided on this website as legal advice in respect of your individual situation nor use it as a substitute for individual legal advice.
This website is updated from time to time to provide potential class members with further information.