Law firm seeks class-action against SNC-Lavalin in connection with charges

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Law firm seeks class-action against SNC-Lavalin in connection with charges
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Law firm seeks class-action against SNC-Lavalin in connection with charges cdnpoli

Law firm Strosberg Sasso Sutts LLP filed a proposed class-action in Ontario Superior Court on Monday that alleges the company failed to disclose soon enough that federal prosecutors declined to invite it to negotiate a remediation agreement.

"That should have been disclosed to investors," said lawyer Jay Strosberg, who represents plaintiff John Peters. "Take for example someone who bought shares between Sept. 4 and Oct. 10. If he would have known, maybe he would not have bought the shares. And if the information was disclosed, he would have bought the shares at a lower price," Strosberg said.

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