Case Overview

Between February 13, 2024 and March 10, 2026, inclusive, goeasy Ltd. (“goeasy” or the “Company”), some its directors and officers, and its auditors (collectively, the “Defendants”), published documents that contain misrepresentations and omit to disclose material facts relating to the deterioration of the Company’s loan quality, net charge offs and loss levels.
 
The effect of Defendants’ misconduct was to artificially inflate the value of goeasy’s securities. As a result, members of the proposed class acquired goeasy’s securities at artificially inflated prices that did not reflect their true value.
 
When the entire truth emerged on March 10, 2026, the value of goeasy’s securities plummeted, resulting in a loss to the members of the proposed class.  
 
The proposed class action seeks to obtain a judgment ordering the Defendants to pay damages to each member of the proposed class.

Members of the Proposed Class

You are a member of the proposed class if you acquired one or more of goeasy’s securities between February 13, 2024 and March 10, 2026, inclusive.

Case Status

On March 18, 2026, an Application for Authorization to Institute a Class Action and for Authorization to Bring an Action for Damages under article 225.4 of the Securities Act, CQLR c V-1.1 was filed before the Superior Court of Québec.  

The class action is currently at the authorization stage.

Proceedings and Judgments

• Application for Authorization to Institute a Class Action and for Authorization to Bring an Action for Damages under article 225.4 of the Securities Act (in French only)