February 11 2011
A class proceeding has been commenced in the Ontario Superior Court of Justice on behalf of persons who acquired the shares of Smart Technologies Inc. in its initial public offering conducted in July of 2010.
The lawsuit claims the Canadian manufacturer of interactive whiteboards, which are used to make classroom presentations, failed to disclose a significant decline in sales growth and poor performance of a company it had acquired.
Lead plaintiffs Robert LeFever and Gail Runnells say they bought shares in July at US$17 each, and claim the share value fell after interim financial statements were released in November.
Smart Technologies IPO Class Action Legal Help
If you or a loved one has suffered damages in this case, please click here to fill in our form
and your complaint will be sent to a lawyer who may evaluate your claim at no cost or obligation.
Add Your Comment on This Issue