Arctic Glacier Income Fund Case 10/29/2008

You must submit the settlement "Proof" form attached below, in order to participate in this settlement. There is a strict deadline of September 11, 2012 by which all claims must be submitted. The instructions for submitting are included in the "Proof" and the "Notice" files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, FOLLOW THE DIRECTIONS IN THE "PROOF".

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Arctic Glacier Income Fund
Case Name: 
Arctic Glacier Income Fund Case 10/29/2008
Case Status: 
Lawsuit Filed
Case Status: 
Settlement Proposed
Affected Securities
OTC: AGUNF
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
10/29/2008
Class Period Begin: 
03/13/2002
Class Period End: 
09/16/2008
Court of Filing: 
Ontario Superior Court of Justice
Date Settled: 
06/01/2012
Settlement Amount: 
$13,206,875
Deadline to Participate in Settlement: 
09/11/2012
Settlement Notice: 
application/pdf iconArctic_Glacier_Notice_2012.pdf
Settlement Proof: 
application/pdf iconArctic_Glacier_Proof_2012.pdf
Summary: 

June 1, 2012 (Update) -- $13,206,875 settlement approved and declared that it is fair, reasonable and in the best interests of the Class.

October 29, 2008 -- An investors’ class action lawsuit has been filed in Ontario, Canada against Arctic Glacier Income Fund, its subsidiary Arctic Glacier Inc., and various senior officers and directors. Artic Glacier Income Fund is listed on the Toronto Stock Exchange and is one of the leading ice producers and distributors to North America. The $165 million dollar claim stems from a drop in the fund’s unit price after the announcement that the U.S. Department of Justice was investigating Arctic Glacier for price fixing and anti-competitive conduct and that Arctic Glacier would be suspending distributions to unitholders. The class period for the complaint is between March 22, 2002 and September 15, 2008. Arctic Glacier Income Fund units dropped $2 on September 17, 2008, the first day of trading after both announcements. On March 21, 2002 public trading of the units began at $9.65.