The law firms of Koskie Minsky LLP and Sutts, Strosberg LLP are counsel in the Penn West Petroleum Ltd. (TSX: PWT) securities class action. The claim alleges wrongdoing against Penn West Petroleum Ltd. and its senior officers David E. Roberts, Murray R. Nunns, Todd H. Takeyasu, Frank Potter and James C. Smith. The claim is on behalf of all persons, other than certain persons associated with the defendants, who acquired securities of Penn West on the TSX or on an alternative trading market in Canada from and including March 17, 2011 to and including July 29, 2014, and held some or all of those securities at the close of trading on July 29, 2014.
The class action has settled. The settlement was approved in Ontario on May 31, 2016, in Quebec on June 13, 2016 and Alberta on June 27, 2016.
A claim for compensation in the settlement must be made by November 14, 2016.