CAE Inc. Agrees To Settle Class-Action Lawsuit By Shareholders
- CAE Inc. agreed to settle a shareholder class-action lawsuit for $38.25 million involving the company, its former chief executive, and its former chief financial officer.
- Under the proposed agreement, CAE will pay up to $5 million, while its insurers will cover the remaining amount.
- The lawsuit alleged that CAE and its executives made misleading statements about fixed-price defence contracts, inflating the company’s share price; the defendants denied the allegations.
- The proposed settlement covers certain investors who held CAE shares during specified periods, with approval scheduled for December 22 in a Quebec court.
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12 Articles
CAE Inc. Agrees To Settle Class-action Lawsuit By Shareholders
CAE Inc. has reached a deal to settle a class-action lawsuit by shareholders against the company, its former chief executive and its former chief financial officer that will see the defendants pay $38.25 million. Under the proposed agreement, CAE will pay up to $5 million with the remaining amount to be paid by its insurers. The lawsuit alleged the company and executives made misleading statements related to fixed-price contracts in the defence …
The Toronto Star
CAE agrees to settle class-action lawsuit by shareholders
MONTREAL - CAE Inc. has reached a deal to settle a class-action lawsuit by shareholders against the company, its former chief executive and its former chief financial officer that will
CAE has entered into an agreement to settle a collective action brought by shareholders against the corporation, its former President and Chief Executive Officer and its former Director of Finance, under which the defendants will be required to pay $38.25 million.
MONTREAL, Oct. 2, 2026 /CNW/ -- A settlement agreement was reached in a collective action in Quebec against CAE inc. ("
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