CAE agrees to settle class-action lawsuit by shareholders
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
MONTREAL – CAE Inc. has reached a deal to settle a class-action lawsuit by shareholders against the company, its former chief executive and its former chief financial officer that will see the defendants pay $38.25 million.
Under the proposed agreement, CAE will pay up to $5 million with the remaining amount to be paid by its insurers.
The lawsuit alleged the company and executives made misleading statements related to fixed-price contracts in the defence sector that inflated its share price.
The defendants denied all of the allegations, however, a statement by lawyers for the plaintiffs said the two sides agreed to settle to avoid the delays and risks associated with continued litigation and trial.
The class includes investors who bought CAE shares during the period from Aug. 10, 2022, to May 21, 2024, and still held some or all of the shares at any time between Feb. 14, 2024, and May 22, 2024.
A settlement approval hearing is set for Dec. 22 in a Quebec court.
This report by The Canadian Press was first published Oct. 2, 2026.
Companies in this story: (TSX:CAE)