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Ithaca Energy settles securities lawsuit with $9 million payout to affected investors.
A securities class action against Ithaca Energy Limited has settled with a $9 million payment from its insurers, approved by the Alberta Court of King's Bench.
The case, alleging misleading statements about offshore operations and financial projections from October 2014 to February 2015, does not involve an admission of liability.
Eligible investors who bought shares during that period can claim a share of the settlement, after fees and expenses, by submitting a claim form by January 5, 2026.
The administrator, Berger Montague (Canada) PC, will verify claims and distribute funds per a court-approved plan.
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Ithaca Energy resuelve una demanda de valores con un pago de $9 millones a los inversionistas afectados.