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Collective actions against lion may:
Electric lion will be able to escape the three collective actions that have been brought against it since last year. In addition, learned The newspaper. Similarly, Former managers and administrators of the company could be released from these potentially very expensive prosecution.
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• Read also:. Consequently. Nevertheless. Electric lion referred to in a request for collective action in securities securities
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The manufacturer of bus. Similarly. Moreover. electric trucks obtained from the Superior Court, in June, receipts which have the effect of bringing these prosecution to fall.
Lion ex-action who hoped to recover part of their losses thanks to collective actions against lion may new the requests for collective actions filed against. Furthermore, collective actions against lion may the company will collective actions against lion may therefore remain hungry.
collective actions against lion may
We will soon know if the former leaders. For example, administrators of the electric lion will also be able to escape the proceedings.
Bus in the Lion Electric company. in Saint-Jérôme, in November 2024. Photo Martin Chevalier
Deception?
Two requests for collective shares were filed against Lion last year.
A third was tabled in February by New York law firm Scott+Scott. She alleges that Lion “misleads investors” as to her “financial health”. “which collective actions against lion may new has collective actions against lion may led to significant financial losses for shareholders”.
collective actions against lion may
Recall that the value of Lion’s action. which was collective actions against lion may listed at the Toronto. New York scholarships, went from $ 25 in June 2021 to 35 ¢ when the insolvent company was sheltered from its creditors, in mid-December 2024.
The co-founder. former CEO of Lion. Marc Bédard, and the ex-president of the company, Nicolas Brunet, are targeted by the three requests for collective actions.
Other ex-leaders of the manufacturer are also defendants in the request for collective action filed in February. Among these. we find Richard Coulombe. who has been a lion finance chief since 2023. and Yannick Poulin, who was the head of the company for more than nine years.
All the former administrators. including Pierre Wilkie, Pierre Larochelle, Michel Ringuet and Pierre-Olivier Perras, are also appointed collective actions against lion may new in the request filed in February.
Audience next month
The ex-administrators. lion leaders. however. wish collective actions against collective actions against lion may lion may to obtain from the Superior Court of receipts. which would allow them collective actions against lion may to be released from requests for collective actions.
“There will be a complete debate on September 3 before judge Pinsonneault as to whether individual defendants (former leaders. lion administrators) should also benefit from a receipt. ” said lawyer Éric Préfontaine, associated with the Osler cabinet, who represents the former lion accounting verifiers, Raymond Chabot Thornton.
“As ex-actaries cheated. we are obviously against a complete receipt [pour les ex-dirigeants et administrateurs]”. Reacted to Journal Julien Fiset, from the Invest-Lion group.
Recall that lion activities linked to school buses were bought for $ 6 million by a group of investors including. in particular, Vincent Chiara (Mach Group), Pierre Wilkie and collective actions against lion may new Luc Sabbatini.
The Quebec government has lost around $ 180 million in the company.
Collective actions against lion may new
Collective actions against lion may – Collective actions against lion may new
Collective actions against lion may – Collective actions against lion may new
Collective collective actions against lion may. actions against lion may
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