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DRI Healthcare Trust

An $8 million class-action settlement has been proposed against DRI Healthcare Trust for alleged misrepresentations in its public disclosures regarding its securities.

Opening soonCanada-wideClaim deadline: Pending court decisionEstimated payout: Compensation pendingClaims not open yet

About this settlement

Alleged misrepresentations by DRI Healthcare Trust in securities disclosures affecting investors in Canada.

A class action alleges that DRI Healthcare Trust made misrepresentations in its public disclosures related to its pharmaceutical royalty securities. The proposed $8 million settlement is a compromise of disputed claims without admission of liability. Eligible class members are those who acquired DRI securities between February 11, 2021, and August 6, 2024, and held them through July 8, 2024, or later. The court will consider settlement approval and class counsel fees on September 22, 2026. Objections to the settlement must be filed by September 1, 2026, and opt-outs by August 18, 2026.

Who qualifies

  • Anyone who acquired DRI Healthcare Trust securities between February 11, 2021, 9:30 a.m. ET and August 6, 2024, 5:38 p.m. ET.
  • Holders of those securities through the open trading on July 8, 2024, or until the end of the class period.

Compensation pending

Claim deadline: Pending court decision

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