The information contained on this website is only a summary of the information presented in more detail in the Notice of Pendency and Proposed Settlement of Class Action. Because this website is just a summary, you should review the Notice for additional details.
Summary of the Litigation and Settlement
This website relates to a proposed Settlement of a class action lawsuit (“Litigation”) brought by Doug Daulton, Francisco Quintana, Donald S. Parrish, and Quang Ma (“Lead Plaintiffs”), alleging that Aurora Cannabis Inc. ("Aurora") or the "company", Terry Booth, and Allan Cleiren (“Defendants”) violated the federal securities laws by making material misrepresentations of the Company’s business and prospects. Defendants deny all claims and allegations of wrongdoing alleged in the Litigation.
The Court has not decided in favor of Defendants or Plaintiffs. Instead, both sides have agreed to a settlement of the Litigation for $8.05 million in cash (“Settlement”) for the benefit of the Settlement Class. On January 28, 2025, the Court will hold a Settlement Hearing to consider final approval of the Settlement and related matters.
If you are a member of the Settlement Class, you are subject to the Settlement. The Settlement Class consists of:
All Persons who purchased Aurora common stock on the New York Stock Exchange between October 23, 2018 and February 28, 2020, inclusive.
Excluded from the Settlement Class are: (i) Defendants and the Former Defendants and members of their immediate families; (ii) the current and former officers and directors of Aurora and members of their immediate families; (iii) any entity in which any Defendant or Former Defendant has a controlling interest or which is related to or affiliated with any Defendant or Former Defendant; (iv) Aurora’s subsidiaries and affiliates or other entities owned or controlled by it; (v) the legal representatives, agents, heirs, successors, administrators, executors, and assigns of each Defendant and Former Defendant; and (vi) any Persons who properly exclude themselves by submitting a valid and timely request for exclusion.
Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the Important Documents and File a Claim tabs at the top of this page.
Payments to eligible claimants will be made only if the Court approves the Settlement and Plan of Allocation, after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
| YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT: |
| SUBMIT A CLAIM FORM |
The only way to be eligible to receive a payment from the Settlement. Proofs of Claim must be postmarked or submitted online on or before February 27, 2025. The Proof of Claim and Release form (“Proof of Claim” or “Claim Form”) is available on this website. |
| EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS |
Get no payment. This is the only option that potentially allows you to ever be part of any other lawsuit against the Defendants or any other Defendants’ Released Persons about the legal claims being resolved by this Settlement. Should you elect to exclude yourself from the Settlement Class, you should understand that Defendants and the other Released Defendant Parties will have the right to assert any and all defenses they may have to any claims that you may seek to assert, including, without limitation, the defense that any such claims are untimely under applicable statutes of limitations and statutes of repose. Exclusions must be postmarked on or before January 6, 2025. |
| OBJECT |
Write to the Court about why you do not like the Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and expenses. You will still be a Member of the Settlement Class. Objections must be received by the Court and counsel on or before January 6, 2025. If you submit a written objection, you may (but do not have to) attend the hearing. |
| GO TO THE HEARING ON JANUARY 28, 2025 AT 2:00 P.M. |
Ask to speak in Court about the fairness of the Settlement. Requests to speak must be received by the Court and counsel on or before January 6, 2025. |
| DO NOTHING |
Receive no payment. You will, however, still be a Member of the Settlement Class, which means that you give up your right to ever be part of any other lawsuit against the Defendants or any other Released Defendant Parties about the legal claims being resolved by this Settlement and you will be bound by any judgments or orders entered by the Court in the Litigation. |
How do I obtain more information?
Detailed information about the Settlement is contained in the Notice and the documents on the Important Documents tab at the top of this page. Additional information can also be obtained by contacting the Claims Administrator by calling toll-free (877) 495-6308, by emailing info@auroracannabissecuritieslitigation.com, or mailing a letter to:
Aurora Cannabis Securities Litigation
c/o JND Legal Administration
P.O. Box 91320
Seattle, WA 98111
Inquiries should NOT be directed to the Court or the Clerk of the Court.
© JND Legal Administration. All rights reserved.
