Celestica Inc. (2005-2007 Restructuring)
This is a shareholder class action alleging that the public filings of Celestica Inc. contained misleading statements about Celestica’s restructuring from January 2005 to January 2007. It alleges the shareholders suffered damages as the shares traded at an inflated price during this time and dropped significantly when Celestica revealed the true state of its restructuring. The one-day drop on January 30, 2007 (end of proposed class period) was 23%.
The proposed class of persons in this class action generally includes persons or entities who acquired Celestica shares in Canada between January 27, 2005 and January 30, 2007.
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