Baja Mining Securities Class Action

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Update

This class action has now concluded
Further to an international notice campaign approved by the Court in February, 2016, the claims period opened on April 6, 2016 and closed on August 4, 2016. All payments have been made to eligible claimants. There is no further opportunity to make a claim.


Nature of the Case

On July 26, 2012, Harrison Pensa LLP and Bates Barristers filed a proposed class action against Baja Mining Corp. (“Baja”), certain of its senior officers and directors, and the company’s auditor.

The action alleged that during the class period, the Defendants made misrepresentations and/or failed to make timely disclosure of significant cost overruns and project delays related to Baja’s Boleo Project located in Baja California Sur, Mexico. After over three years of litigation, a settlement agreement was signed by the parties on November 6, 2015 (the “Settlement”).  In accordance with the Settlement, Baja has paid CAD $11,000,000.00 for the benefit of Class Members.  The Settlement fully resolved all allegations in the Class Action.

Matter Resolved and Claims Period Concluded

The claims period was open from April 6 to August 4, 2016, during which time Class Members had the opportunity to make claims for compensation.

This case has now concluded and all payments have been made to eligible claimants.  If you did not make a claim on or before August 4, 2016 and did not previously validly opt out, there is no further recourse against Baja Mining Corp.

Court Documents

Class Members

For more information please contact us at 1-855-744-9227 ext. 200 or