\u201cThe class action alleges that DRI made misrepresentations in its public disclosure,\u201d explained the law firm on the class action\u2019s site.<\/p>\n
It noted that the settlement is a compromise of disputed claims and is not an admission of liability or wrongdoing by DRI Healthcare Trust or any other defendant named in the class action.<\/p>\n
According to the law firm, the settlement approval hearing, which was previously scheduled for May 22, 2026, has been rescheduled to Sept. 22, 2026.<\/p>\n
Who\u2019s eligible for this proposed settlement?
\n![\"settlement\"](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/06\/shutterstock_1523326748.jpg\"\/ "\\"\\"")
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fizkes\/Shutterstock<\/p>\n
Kalloghlian Myers LLP said anyone who acquired DRI securities between Feb. 11, 2021, at 9:30 a.m. ET and Aug. 6, 2024, at 5:38 p.m. ET, and held those securities through the open trading on July 8, 2024, or until the end of the class period, is eligible to cash in on the proposed settlement.<\/p>\n
At the same hearing, the court will also consider a motion to approve class counsel\u2019s fees, which won\u2019t exceed 33.3 per cent of the settlement amount, plus reimbursement for expenses incurred by the law firm in the litigation and taxes on the fees and disbursements and payment of the 10 per cent levy to the class proceedings fund.<\/p>\n
Those who want to object to the settlement, class counsel\u2019s fees and disbursements, the payment of an honorarium to the plaintiff, or the distribution protocol have until Sept. 1, 2026.<\/p>\n
If you don\u2019t want to be a part of the class action at all and be bound by the terms of the settlement, you\u2019ll need to opt out by submitting a form by Aug. 18, 2026.<\/p>\n
For more information, check out the\u00a0law firm\u2019s site<\/a>\u00a0or email\u00a0dri@kalloghlianmyers.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Some Canadians could soon cash in on a proposed settlement regarding investments in a health-care trust. On Friday,…\n","protected":false},"author":2,"featured_media":751398,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48],"class_list":["post-751397","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/751397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=751397"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/751397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/751398"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=751397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=751397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=751397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}