Southwestern Resources Corp. Case 12/05/2008

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Company Name(s): 
Southwestern Resources Corp.
Case Name: 
Southwestern Resources Corp. Case 12/05/2008
Case Status: 
Lawsuit Filed
Case Status: 
Judgment Issued
Case Status: 
Settlement Proposed
Case Status: 
Settlement Approved
Affected Securities
TSX: SWG
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Class Period Begin: 
12/03/2002
Class Period End: 
07/18/2007
Date Settled: 
12/05/2008
Settlement Amount: 
$15,527,500
Deadline to Participate in Settlement: 
06/01/2009
Summary: 

According to a press release dated Dec. 5, 2008, Southwestern Resources Corp. has agreed to settle the class action brought against it by its shareholders for $15,527,500.

Their will be a final approval hearing on June 1, 2009.