If you acquired common shares of Home Capital
Group
Inc. between November 5, 2014 and
July 10, 2015,
Read this notice carefully as it may affect your legal
rights
LONDON, ON, Sept. 22, 2017 /CNW/ - On February 13, 2017, an action styled McDonald v
Home Capital Group Inc., et al. was commenced in the Ontario
Superior Court of Justice ("Court") on behalf of persons who
acquired Home Capital Group Inc.'s ("HCG", TSX: HCG, CUSIP:
436913107, ISIN: CA4369131079) shares between November 5, 2014 to July
10, 2015 ("Class Period"). The action is
related to Home Capital Group's allegedly misleading disclosure in
relation to mortgage origination practices and changes in mortgage
origination during the Class Period.
A settlement of the action in the amount of $29,500,000, paid for the benefit of affected
class members has been approved by the Court. The settlement is a
compromise of disputed claims and is not an admission of liability
or wrongdoing by HCG or any other defendant named in the
action.
If you acquired Home Capital Group Inc. shares during the Class
Period, you may be eligible for compensation. In order to
recover any such compensation, you must submit a completed Claim
Form to RicePoint Administration Inc. no later than January 22, 2018.
NOTE: If you do not timely submit a Claim Form, you
will not be entitled to any compensation; and, unless you have
previously opted out, you will not be entitled to pursue any other
action in respect of those claims.
For more information about the Settlement, your rights and how
to exercise them, please contact the Claims Administrator at:
Home Capital Securities Litigation
c/o RicePoint
Administration Inc.
PO Box 4454, Toronto Station A,
25 The Esplanade
Toronto, ON M5W 4B1
Tel: 1-866-432-5534
homecapital@ricepoint.com
Or Class Counsel (Siskinds LLP) at:
Michael G. Robb
680 Waterloo Street
London, ON N6A 3V8
Tel: 1-877-672-2121 x 2380
Fax: 519-672-6065
Email: michael.robb@siskinds.com
www.siskinds.com and www.classaction.ca
SOURCE Siskinds LLP