The Ontario Superior Court of Justice has granted leave pursuant to section 138.8 of the Ontario Securities Act to commence a secondary market misrepresentation action against Anaergia Inc., Andrew Benedek, and Hani El-Kaissi. The Court also certified the action as a class proceeding against these defendants.

The certified action alleges misrepresentations in the primary and secondary markets for Anaergia’s securities during the class period. The primary market claims relate to the company’s distribution of shares in an initial public offering in June 2021 and a subsequent distribution of shares in a secondary offering in April 2022.

SMK Law represents the Anaergia investors. This news release is being issued in compliance with 138.9 of the Ontario Securities Act. Formal notice and opt out information will be issued upon further Order of the Court.

A copy of the decision is available here. Updates on the case are provided here.

About SMK Law P.C.

SMK Law P.C. is a Canadian investor rights law firm representing institutional and individual investors. The firm is led by Soheil Karkhanechi who has decades of leadership experience in the securities and asset management industries in Canada and the US.

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