09:54:57 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Home Capital Group Inc
Symbol HCG
Shares Issued 80,246,349
Close 2017-12-27 C$ 17.10
Market Cap C$ 1,372,212,568
Recent Sedar Documents

Home Capital receives second statement of claim

2017-12-28 11:34 ET - News Release

Ms. Laura Lepore reports

HOME CAPITAL COMMENTS ON SECOND STATEMENT OF CLAIM

Home Capital Group Inc. has received a statement of claim issued by Roland Keiper and Brian Chapman, who opted out of a global settlement of the securities class action earlier this year with Home Capital. The claim is based on allegations of common law and statutory misrepresentation and oppressive conduct and seeks $2-million in damages.

Holders of 1,717,600 common shares eligible for the global settlement opted out of the settlement. The company believes that the claim by Mr. Keiper and Mr. Chapman relates to 390,900 of those shares. West Face Long Term Opportunities Global Master LP, which also recently commenced a claim that the company has referred to in previous disclosure, held 1,234,700 of those shares.

The company believes it has valid defences to these claims and intends to fully defend its conduct.

About Home Capital Group Inc.

Home Capital Group is a public company operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of insured residential mortgage products, consumer lending and credit card services. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba.

We seek Safe Harbor.

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