Aurora Cannabis $8 Million Securities Settlement

If you purchased Aurora common stock on the New York Stock Exchange between October 23, 2018, and February 28, 2020, you may be eligible to claim compensation from a class action settlement.

Aurora Cannabis Inc. has agreed to pay $8,050,000 to settle a class action lawsuit for alleged misrepresentations of the company’s business and prospects.

Who are the class members?

Class members include all individuals and entities who purchased Aurora common stock on the New York Stock Exchange between October 23, 2018, and February 28, 2020.

How much can class members get?

The plan of allocation estimates the average distribution to be $0.05 per share.

The settlement provides a fund of $8.05 million to be distributed among eligible class members. The amount each member receives will depend on several factors, including the number of valid claims submitted and the total number of shares purchased.

Recognized Claim Amount: Calculated based on the difference between the purchase price and the sale price of the shares, adjusted for inflation and other factors.

Example Calculation: If you purchased shares at $16.08 and sold them at $10.31, your recognized claim amount would be the difference, adjusted for the average closing price during the 90-day look-back period.

How to claim an award

Claimants must submit a Proof of Claim form, which can be done online through the online claim form or by downloading the PDF claim form. Mail completed forms to:

Aurora Cannabis Securities Litigation

Claims Administrator

c/o JND Legal Administration

P.O. Box 91320

Seattle, WA 98111

Claimants need to provide proof of their transactions in Aurora common stock. This includes broker confirmations or other documentation of purchases and sales.

Online submissions must be received by February 27, 2025.

Payment methods

Payments will be distributed via check or electronic transfer, depending on the claimant's preference.

$8,050,000 Settlement fund

The settlement fund of $8,050,000 will cover:

• Payments to eligible class members
• Attorneys' fees, not to exceed 25% of the settlement amount
• Administrative costs and expenses

Important dates

• Deadline to File a Claim: February 27, 2025
• Fairness Hearing: January 28, 2025, at 2:00 p.m.

When is the Aurora Cannabis Settlement payout date?

The court will hold a fairness hearing on January 28, 2025, to decide whether to approve the settlement. If approved, payments will be distributed to eligible claimants.

Why is there a class action settlement?

The lawsuit alleges that Aurora Cannabis Inc. made false statements and omitted material facts about its business, leading to inflated stock prices. The settlement avoids the costs and risks of further litigation.