Poseidon Concepts Corp. Securities Litigation

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Poseidon Concepts Corp. Securities Litigation
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FAQS

Why is this a class action?
What is this class action about?
What is Poseidon?
Why did I get the Notice?
Why is there a Settlement?
How do I know if I am part of the Class?
Are there exceptions to being included in the Class?
What does the Settlement provide?
How much will my payment be?
How can I get a payment?
How do we file a claim if we are two (2) co-beneficial owners and we require two (2) separate payments?
What documentation is typical and sufficient?
What documentation must I submit if the shareholder is deceased?
What is the CUSIP (Committee on Uniform Security Identification Procedures) for Poseidon securities?
I do not have a SIN (Social Insurance Number), what do I provide?
What is the account number?
What is the difference between primary and secondary market?
What is the transaction type (P/R) (S/D)?
Must I include or exclude the brokerage commissions in the totals?
I do not agree with my claim decision, what can I do?
When will I receive payment?
Do I have a lawyer in this case?
How will the lawyers be paid?
What happens if I do nothing at all?
How will my claim be calculated?
Important Updates
Payments have been sent

Update as of July 26, 2023:

The initial distribution of the Class Settlement Funds has been completed. However, as there were uncashed Class Settlement Funds from the initial distribution, a second distribution payment was issued to approved Claimants who cashed their initial distribution payment and whose pro rata entitlement for a second distribution payment, as per the Court approved Claims and Distribution Protocol, was $10.00 CAD or more, without exception.

For payments sent via cheque, all cheques must be cashed no later than January 19 2024 or else they will become stale-dated. Stale-dated cheques will NOT be replaced.

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Need Help?

E-mail: info@poseidonclassactionsettlement.com
Tel.: 1-855-745-7334
Fax: 1-866-262-0816

Address

Poseidon Concepts Corp. Securities Litigation Claims Administrator
c/o Epiq Class Action Services Canada Inc
Les services d’actions collectives Epiq Canada
Nelson P. O. Box 20187
322 Rue Rideau Street
Ottawa ON K1N 5Y5

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