{"settlement":{"id":"canopy-growth-securities-kpmg-2026","slug":"canopy-growth-securities-kpmg-2026","title":"Canopy Growth Securities Class Action (KPMG Partial Settlement)","category":"Investment and Securities","status":"Claims not yet open","tags":{"industry":["Securities and investments"],"geographic":["Canada-wide"],"recoveryType":["Cash payment","Investment recovery"],"documentation":["To be determined"],"eligibilityTrigger":["Owned a security or investment"]},"classDefinition":"All persons or entities, other than certain excluded persons, who acquired Canopy Growth Corporation securities in the secondary market between June 1, 2021 and June 22, 2023, and held some or all of those securities until the close of trading on May 10, 2023 or June 22, 2023, and who either are or were residents of Canada at the time of the acquisitions (regardless of the exchange), or acquired the securities on an exchange in Canada or another exchange outside the United States (regardless of where they live).","plainLanguageSummary":"If you bought Canopy Growth securities between June 1, 2021 and June 22, 2023 and still held some of them at the close of trading on May 10, 2023 or June 22, 2023, you may be eligible for a share of a proposed $3,500,000 partial settlement with KPMG once it is approved and distributed.","eligibilityCriteria":[],"recoveryRange":"Share of a $3,500,000 partial settlement fund, to be distributed at a later date under a court-approved plan","filingInstructions":"","caseBackground":"Investors started a class action against Canopy Growth Corporation, two of its then-officers, and its former auditor KPMG LLP. The lawsuit claims that Canopy's disclosure documents and financial statements released between June 1, 2021 and June 22, 2023, including its audited financial statements for the fiscal year ended March 31, 2022, contained misrepresentations that harmed investors who bought the company's securities.\n\nThe plaintiff has reached a proposed partial settlement with KPMG only. If the court approves it, KPMG will pay $3,500,000 and the lawsuit against it will end, while the case continues against Canopy and the two officers. The money would be distributed to class members at a later date, once the case against the remaining defendants is concluded, under a distribution plan that the court must approve at that time. A court hearing to consider approving the settlement is scheduled for December 10, 2026 in Toronto.","administratorName":"","administratorContacts":[],"administratorRole":"claims","agentName":null,"agentContacts":[],"agentClaimFormHelp":false,"classCounselName":"KND Complex Litigation","classCounselContacts":[{"type":"email","label":"","value":"CanopyGrowth@KND.law"},{"type":"online","label":"","value":"https://knd.law/class-actions/canopy-growth-corp/"}],"classCounselFirms":[{"name":"KND Complex Litigation","region":"All provinces and territories across Canada","contacts":[{"type":"email","label":"","value":"CanopyGrowth@KND.law"},{"type":"online","label":"","value":"https://knd.law/class-actions/canopy-growth-corp/"}]}],"submissionMethods":[],"sourceDocuments":[{"url":"/uploads/e9fac9a8e239b87c0a940869-3.-Long-Form-Notice-v.2.pdf","title":"Notice to Class Members"},{"url":"/uploads/106c70201434c2824f12f984-2.-Settlement-Agreement-Dziedziejko_KPMG.pdf","title":"Proposed Settlement Agreement"}],"shortFormNoticeUrl":"","longFormNoticeUrl":"/uploads/e9fac9a8e239b87c0a940869-3.-Long-Form-Notice-v.2.pdf","settlementAgreementUrl":"/uploads/106c70201434c2824f12f984-2.-Settlement-Agreement-Dziedziejko_KPMG.pdf","claimFormDocumentUrl":"","claimForms":[],"claimFormsButtonLabel":"claim-form","claimFormsUnavailable":false,"claimFormsUnavailableReason":"","claimFormGuides":[],"additionalDocuments":[],"optOutFormUrl":"/uploads/628009863c57a31634cdbe9f-4.-Opt-Out-Form-v.2.pdf","optOutInstructions":"All Class Members will be bound by the terms of the Agreement, unless they opt-out. The opt-out form must be emailed to class counsel at CanopyGrowth@KND.law and received on or before September 21, 2026 at 11:59 p.m. ET to be valid. If you opt out, you remove yourself from the lawsuit against all defendants, not just KPMG, and cannot receive any settlement benefits.","objectionFormUrl":"/uploads/713151e27d02a18082360cbc-5.-Objection-Form.pdf","objectionInstructions":"To object to or comment on the settlement or class counsel's fee request, fill out the objection form and email it to CanopyGrowth@KND.law. It must be received by November 25, 2026 at 11:59 p.m. ET, and you may ask to participate in the December 10, 2026 approval hearing if the court permits.","faqs":[{"answer":"KPMG has agreed to pay $3,500,000 to settle the claims against it, including legal fees, taxes, expenses, and interest. Individual amounts are not yet known; the money would be distributed to class members at a later date under a distribution plan the court must approve.","question":"How much is the settlement and how much will I get?"},{"answer":"Not for some time. Class counsel will recommend that the settlement money be distributed once the class action against the remaining defendants (Canopy Growth and two of its officers) is concluded, together with any additional funds recovered from them.","question":"When will payments be made?"},{"answer":"Nothing. You do not have to do anything to stay in the class action and be entitled to benefits if the court approves the settlement. There is no claim form to file at this stage.","question":"What do I need to do right now?"},{"answer":"Yes. You can fill out the form available at https://knd.law/class-actions/canopy-growth-corp/ and email it to class counsel at CanopyGrowth@KND.law. It must be received by November 25, 2026 at 11:59 p.m. ET, and you may ask to participate in the approval hearing on December 10, 2026.","question":"Can I object to or comment on the settlement?"},{"answer":"Yes. The Opt-Out Form is available at https://knd.law/class-actions/canopy-growth-corp/ or by email from class counsel, and must be received by class counsel by September 21, 2026 at 11:59 p.m. ET. If you opt out, you remove yourself from the lawsuit against all defendants and cannot receive any settlement benefits.","question":"Can I opt out of the class action?"}],"eligibilityChecker":{"questions":[{"id":"acquired-canopy-securities","text":"Did you acquire Canopy Growth Corporation securities on the secondary market (such as a stock exchange) between June 1, 2021 and June 22, 2023?","type":"yes_no","helpText":"The secondary market means buying shares from other investors, for example through a stock exchange, rather than directly from the company.","qualifyingAnswer":"yes","criticalForEligibility":true},{"id":"held-until-key-dates","text":"Did you hold some or all of those securities until the close of trading on May 10, 2023 or June 22, 2023?","type":"yes_no","qualifyingAnswer":"yes","criticalForEligibility":true},{"id":"canada-connection","text":"Were you a resident of Canada when you acquired the securities, or did you acquire them on an exchange in Canada or another exchange located outside the United States?","type":"yes_no","qualifyingAnswer":"yes","criticalForEligibility":true},{"id":"excluded-person","text":"Are you one of the excluded persons, such as a person connected to the defendants?","type":"yes_no","qualifyingAnswer":"no","criticalForEligibility":true}],"uncertainMessage":"Some of your answers were Not sure, so we could not confidently determine your eligibility.","qualifyingMessage":"Based on your answers, you appear to fall within the class definition for this settlement.","nonQualifyingMessage":"Based on your answers, you do not appear to fall within the class definition for this settlement."},"claimCategories":[],"proceedings":null,"relatedSlugs":[],"group":null,"cardSummary":"If you bought Canopy Growth shares between June 2021 and June 2023 and held them into May or June 2023, a proposed $3.5 million partial settlement with auditor KPMG may apply to you. Court approval is still pending.","proofRequired":"","claimTime":"","claimAmount":"","coverageStartDate":"2021-06-01","coverageEndDate":"2023-06-22","deadline":"","optOutDeadline":"2026-09-21","objectionDeadline":"2026-11-25","approvalHearingDate":"2026-12-10","approvalHearingDates":[{"date":"2026-12-10","label":""}],"approvalPending":false,"resolution":"settlement","judgmentAppealed":false,"seriousHarmEnabled":false,"formHelperEnabled":false,"dateAdded":"2026-08-23","lastUpdated":"2026-08-23","firstPublishedAt":"2026-08-24 00:50:45","claimsOpenedAt":null,"lastVerifiedAt":"2026-08-23","languages":["en","fr"]}}