{"settlement":{"id":"turquoise-hill-resources-securities-2026","slug":"turquoise-hill-resources-securities-2026","title":"Turquoise Hill Resources Securities Class Action","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 and entities, wherever they reside or are domiciled, who between July 31, 2018 and July 31, 2019 (inclusive) purchased or otherwise acquired Turquoise Hill Resources Ltd. (TRQ) securities in non-U.S. transactions or on an exchange outside the United States, and held all or some of those securities until after July 15, 2019 or July 31, 2019. Excluded Persons (including the Respondents, the Individual Respondents' immediate families, and certain related entities, directors, officers, subsidiaries and affiliates) are not included, and purchases or sales already eligible for recovery in the related U.S. class action are excluded.","plainLanguageSummary":"If you bought or acquired Turquoise Hill Resources shares outside the United States between July 31, 2018 and July 31, 2019 and held some of them afterward, you may be eligible for a share of the settlement fund based on your investment losses.","eligibilityCriteria":[],"recoveryRange":"A pro rata share of the net settlement fund of roughly $13,672,238.43 to $13,808,709.52, based on each claimant's investment loss","filingInstructions":"","caseBackground":"A class action in Canada claims that Turquoise Hill Resources Ltd. and Rio Tinto, along with several company executives, made misrepresentations in their disclosure documents and public statements about the company. Investors who bought TRQ shares outside the United States during the class period say they suffered losses as a result.\n\nThe company and executives deny any wrongdoing, but the parties have agreed to a proposed settlement of CAD $22,663,980.00 to avoid the cost and uncertainty of a trial. The settlement still needs to be approved by the Superior Court of Quebec at a hearing before any money is paid out. If approved, the net fund will be shared among class members who submit a valid claim, based on their investment losses.","administratorName":"Concilia Inc.","administratorContacts":[{"type":"email","label":"","value":"TRQ@conciliainc.com"},{"type":"phone","label":"","value":"1-888-885-7703"},{"type":"online","label":"","value":"https://www.TRQSettlement.com"}],"administratorRole":"claims","agentName":null,"agentContacts":[],"agentClaimFormHelp":false,"classCounselName":"KND Complex Litigation","classCounselContacts":[{"type":"email","label":"","value":"TRQ@knd.law"},{"type":"fax","label":"","value":"(416) 352-7638"}],"classCounselFirms":[],"submissionMethods":[],"sourceDocuments":[{"url":"/uploads/3df99bd34501726c7b465370-turquoise-hill-pre-approval-longform-en.pdf","title":"Notice to Class Members"},{"url":"/uploads/3ef95e57cad8895164b14c94-turquoise-hill-pre-approval-longform-fr.pdf","title":"Avis aux membres du groupe"}],"shortFormNoticeUrl":"","longFormNoticeUrl":"/uploads/3df99bd34501726c7b465370-turquoise-hill-pre-approval-longform-en.pdf","settlementAgreementUrl":null,"claimFormDocumentUrl":"","claimForms":[],"claimFormsButtonLabel":"claim-form","claimFormsUnavailable":false,"claimFormsUnavailableReason":null,"claimFormGuides":[],"additionalDocuments":[],"optOutFormUrl":"/uploads/208c31dff65b554115daa2c0-Opt-Out-Form.pdf","optOutInstructions":"To exclude yourself, complete the opt-out form available at www.TRQSettlement.com (or obtained by emailing TRQ@conciliainc.com or calling 1-888-885-7703) and email the completed form to TRQ@conciliainc.com. It must be received on or before September 1, 2026 at 11:59 p.m. ET. If you opt out, you cannot object to or comment on the proposed settlement.","objectionFormUrl":null,"objectionInstructions":null,"faqs":[{"answer":"The parties have reached a proposed settlement of CAD $22,663,980.00, but it must still be approved by the Superior Court of Quebec. A Settlement Approval Hearing is scheduled for October 20, 2026, where the Court will decide whether the settlement is fair and reasonable.","question":"What stage is this settlement at?"},{"answer":"If the settlement is approved, the net settlement fund (estimated at roughly $13,672,238.43 to $13,808,709.52 after fees and administration costs) will be divided among claimants in proportion to their investment losses. Each claimant would be paid the same percentage of their compensable losses, to a maximum of 100%, depending on the total claims submitted.","question":"How much could I receive?"},{"answer":"No. There is no claim process yet. If the settlement is approved, class members will be asked to submit a Claim Form and documentation confirming their acquisition of eligible TRQ securities. Notices about how to file will be posted at www.TRQSettlement.com.","question":"Do I need to do anything right now?"},{"answer":"Yes. You can email objections or comments to TRQ@conciliainc.com by October 2, 2026 at 11:59 p.m. ET, or attend the hearing to voice them. To opt out, you must email a completed opt-out form to TRQ@conciliainc.com by September 1, 2026 at 11:59 p.m. ET.","question":"Can I object to or opt out of the settlement?"},{"answer":"If you do nothing and the settlement is approved, you stay in the class action and are bound by the Court's orders, giving up your right to sue the Respondents separately. You would need to submit a valid Claim Form later to receive a share of the settlement fund.","question":"What happens if I do nothing?"}],"eligibilityChecker":{"questions":[{"id":"acquired-trq-securities","text":"Did you purchase or otherwise acquire Turquoise Hill Resources (TRQ) securities between July 31, 2018 and July 31, 2019?","type":"yes_no","qualifyingAnswer":"yes","criticalForEligibility":true},{"id":"non-us-transaction","text":"Did you acquire those securities in a non-U.S. transaction or on an exchange outside the United States?","type":"yes_no","qualifyingAnswer":"yes","criticalForEligibility":true},{"id":"held-securities","text":"Did you hold all or some of those securities until after July 15, 2019 or July 31, 2019?","type":"yes_no","qualifyingAnswer":"yes","criticalForEligibility":true},{"id":"excluded-person","text":"Are you one of the Respondents, a member of an Individual Respondent's immediate family, or another excluded related party?","type":"yes_no","helpText":"Excluded persons include the Respondents, the Individual Respondents' immediate families, and related entities, directors, officers, subsidiaries and affiliates.","qualifyingAnswer":"no","criticalForEligibility":true},{"id":"us-claim","text":"Are your purchases or sales still eligible for recovery in the related U.S. class action (In re Turquoise Hill Resources Ltd. Securities Litigation)?","type":"yes_no","helpText":"Purchases or sales already eligible in the U.S. class action are excluded from this settlement.","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 Turquoise Hill Resources shares outside the U.S. between July 2018 and July 2019 and still held some afterward, you may be able to claim. A proposed settlement is awaiting court approval.","proofRequired":"","claimTime":"","claimAmount":"Amount not yet determined","coverageStartDate":"2018-07-31","coverageEndDate":"2019-07-31","deadline":"","optOutDeadline":"2026-09-01","objectionDeadline":null,"approvalHearingDate":"2026-10-20","approvalHearingDates":[{"date":"2026-10-20","label":""}],"approvalPending":false,"resolution":"settlement","judgmentAppealed":false,"seriousHarmEnabled":false,"quietPresentation":false,"formHelperEnabled":false,"dateAdded":"2026-07-30","lastUpdated":"2026-07-30","firstPublishedAt":"2026-07-30 22:17:16","claimsOpenedAt":null,"lastVerifiedAt":"2026-07-30","languages":["en","fr"]}}