Baffinland Iron Mines Corporation
On April 19, 2011, Siskinds LLP commenced a class action in the Ontario Superior Court of Justice in relation to the takeover bid for the shares of Baffinland Iron Mines Corporation completed in February of 2011. The class action is brought on behalf of persons who tendered securities of BIM to the takeover bids made by ArcelorMittal S.A. and Nunavut Iron Ore Acquisition Inc. and their affiliated entities, and persons who otherwise disposed of common shares or 2007 warrants of BIM on or after January 14, 2011 by sale in the open market, compulsory acquisition pursuant to plan of arrangement dated February 18, 2011 or otherwise.
The action alleges that the documents provided to BIM’s securityholders in support of the takeover omitted or misstated information material to the assessment of the bid, and seeks damages or rescission of the transaction.
If you tendered securities of BIM pursuant to the takeover bids, or otherwise disposed of securities of BIM on or after January 14, 2011, please complete the online information form. Your information will be held in strict confidence. By completing the form, you are not retaining Siskinds, nor do you incur any obligations in connection with this lawsuit.
Persons who believe that they may be members of the proposed class are encouraged to contact Siskinds LLP for further information. Inquiries should be directed to Nicole Young at (800) 461-6166 (ext. 2380) or e-mail Ms. Young by clicking on the Contact Us link below.