Lawsuit Overview
Settlement Overview
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November 22, 2013 - The court dismissed the action with prejudice.
August 1, 2012 - The court approved the motion for attorneys’ fees and expenses.
June 20, 2012 - The court approved the settlement and entered the orders approving the plan of allocation.
June 14, 2012 - The court held a final settlement hearing.
March 28, 2012 - The court preliminarily approved the amended settlement.
March 27, 2012 - Partied filed an amended stipulation of settlement.
February 1, 2012 - The court preliminarily approved the settlement.
January 26, 2012 - Parties filed a stipulation of settlement.
April 14, 2011 - A new lead plaintiff and lead counsel were appointed.
January 12, 2011 - An additional lead plaintiff motion was filed.
January 11, 2011 - A lead plaintiff motion was filed.
June 29, 2009 - The court granted the plaintiff's motion for reconsideration and appointed a new lead plaintiff and counsel.
April 3, 2009 - A plaintiff filed a motion for reconsideration of the lead plaintiff and counsel order.
September 16, 2008 - The court denied the defendants' motions to dismiss.
December 10, 2007 - The defendants filed a motions to dismiss.
October 2, 2007 - The lead plaintiff filed an amended consolidated complaint on behalf of investors who purchased Imax Corporation (NASDAQ: IMAX) common shares between February 27, 2003 and July 20, 2007. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between February 27, 2003 and July 20, 2007.
January 18, 2007 - The lead plaintiff and lead counsel were appointed and all cases were consolidated.
October 10, 2006 - Lead plaintiff motions were filed.
September 19, 2006 - Another investor filed a complaint.
September 5, 2006 - An additional investor filed a complaint.
August 21, 2006 - Another investor filed a complaint.
August 11, 2006 - An investor in shares of Imax Corporation (NASDAQ: IMAX now trading on the NYSE sheets as IMAX) filed a lawsuit in the U.S. District Court for the Southern District of New York against Imax Corporation over alleged violations of Federal Securities Laws between February 17, 2006 through August 9, 2006.
The complaint alleges that Imax Corporation failed to inform its shareholders and the investing public at large that it had improperly recognized revenue for at least three financial quarters prior to June 2006.
The plaintiff further alleges in the complaint, in the period between February 17, 2006 through August 9, 2006, that the failure of the defendants to inform Imax Corporation's investors of material information, and their efforts to conceal the truth, caused Imax Corporation's (NASDAQ: IMAX) stock price to trade at inflated prices, during which time Imax Corporation sought investors to purchase the company and therefore sought to maximize the perceived value of Imax Corporation.