A settlement agreement has been reached between the plaintiff, Jean-François Paris, and the defendants for a total sum of $ 850,000. The indemnities of class members will be determined in proportion to their losses and will depend on the number of members who claim.
TJL will ask the court to approve their fees of 20% of the settlement plus tax ($ 195,457.50), plus legal fees ($ 42,202.77)and administrative expenses of $ 20,000, to be paid out of $ 850,000.
The agreement, the protocol providing for the distribution of indemnities and TJL’s fees must be approved by a judge of the Superior Court. You can contest their approval by sending us your reasons for contesting by e-mail, fax or registered mail before January 21, 2019. The contestations will be forwarded to the judge and you can present your contestation before the judge during the hearing.
TJL will submit the agreement, protocol and legal fees to Judge Mongeon of the Superior Court on January 29, 2019, at 9:30 am in Room 16.12 of the Montreal Courthouse. You can come to the audition if you wish to.
Are you a member?
Judge Robert Mongeon of the Quebec Superior Court has authorized the institution of the class action on behalf of the following group:
All persons who were shareholders of Capital Hubble Inc. and all persons who became shareholders of Les Entreprises BigKnowledge Inc. between June 24, 2005 and December 6, 2005, excluding shareholders who were directors and/or administrators of those companies and excluding shareholders who gained a profit pursuant to the sale of their shares.
The Class Action
On June 23, 2008, Mr Jean-François Paris filed a motion for authorization to institute a class action against the Respondents. The Applicant alleges, among other things, that the respondents directors failed to their duty to inform the investors about the real financial situation of the company. The class action filed by Mr Paris seeks to indemnify the investors members of the group for the losses they have suffered following the actions of the Respondents.
On September 1st, 2011, Mr Justice Robert Mongeon of the Quebec Superior Court has authorized the institution of the class action.
If you are a member of the group, you may sign up tp our distribution list by completing the form below.
Please note that the form below is not the claim form which will need to be completed once the settlement agreement is approved by the judge.