Bombardier announces that it intends to vigorously defend itself after the Superior Court of Québec authorized the institution of a previously disclosed securities class action for persons...
BOMBARDIER INC B (BDRBF)
NASDAQ:AMEX Investor Relations:
ir.bombardier.com/en
Company Research
Source: GlobeNewswire
MONTRÉAL, May 27, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier” or “Company”) announced that it intends to vigorously defend itself in a class action, which the Superior Court of Québec has authorized Plaintiff Denis Gauthier to institute for damages against it under the Québec Securities Act (the “Authorization Decision”). Bombardier and the individual defendants deny any wrongdoing. The Court has not yet heard or ruled on the merits of the allegations underpinning this class action and Bombardier is currently reviewing the Authorization Decision and is assessing its options, including the possibility of filing an appeal. As previously disclosed, in February 2019, Plaintiff sought authorization to file a class action before the Superior Court of Québec against Bombardier and certain of its former officers, Messrs. Alain Bellemare and John Di Bert, alleging that Bombardier and the individual defendants made false and misleading representations, including failure to make t
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