Turquoise Hill Resources Securities Class Action
Reviewed by Marty Mikhail, lawyer licensed by the Law Society of OntarioLast verified How we verify
Status
Claims not yet openApproval hearing
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About this claim
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.
See the questions the eligibility checker asks
The checker asks these questions. Use the Check Eligibility button to answer them and see a result.
- Did you purchase or otherwise acquire Turquoise Hill Resources (TRQ) securities between July 31, 2018 and July 31, 2019?
- Did you acquire those securities in a non-U.S. transaction or on an exchange outside the United States?
- Did you hold all or some of those securities until after July 15, 2019 or July 31, 2019?
- Are you one of the Respondents, a member of an Individual Respondent's immediate family, or another excluded related party?Excluded persons include the Respondents, the Individual Respondents' immediate families, and related entities, directors, officers, subsidiaries and affiliates.
- Are your purchases or sales still eligible for recovery in the related U.S. class action (In re Turquoise Hill Resources Ltd. Securities Litigation)?Purchases or sales already eligible in the U.S. class action are excluded from this settlement.
Read more
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.
The 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.
Claim Administrator
- Concilia Inc.
- Email[email protected]
- Phone1-888-885-7703
- Websitehttps://www.TRQSettlement.com
Class Counsel
- KND Complex Litigation
- Email[email protected]
- Fax(416) 352-7638
Class members can get free help with their claim from the claims administrator listed above.
Proposed Settlement Documents
Opting out
The deadline to opt out was and has passed. Opting out is no longer available. Class members who did not opt out remain in the class and are bound by the outcome.
Frequently Asked Questions
What stage is this settlement at?
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.
How much could I receive?
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.
Do I need to do anything right now?
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.
Can I object to or opt out of the settlement?
The deadline to opt out was September 1, 2026 and has passed. Opting out is no longer available. Class members who did not opt out remain in the class and are bound by the outcome.
What happens if I do nothing?
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.
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