SK TARSANDS at La Loche - on & on & . . .
Posted: Mon May 07, 2007 5:09 pm
Lawsuit involving Oilsands Quest, Pamela Wallin settled for $10.2M
[ http://www.thestar.com/news/canada/2013 ... _102m.html ]
As a director of Calgary-based Oilsands Quest, Senator Pamela Wallin was named in a securities fraud class-action lawsuit.
By: Bill Graveland The Canadian Press, Published on Mon Aug 26 2013
CALGARY—A U.S. court has approved a multimillion-dollar settlement in a securities fraud class-action lawsuit against a bankrupt energy exploration company for which embattled Sen. Pamela Wallin was a director.
MORE:
[ http://www.thestar.com/news/canada/2013 ... _102m.html ]
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Oilsands Quest Inc. Hit By Investor Lawsuit Over Alleged Securities Laws Violations
[ http://shareholdersfoundation.com/case/ ... violations ]
Company Name(s): Oilsands Quest
Case Name: Oilsands Quest Shareholder Class Action 02/25/2011
Case Status: Lawsuit Filed
Case Status: Settlement Proposed
Affected Securities
AMEX: BQI
Lawsuit Overview
Type of Lawsuit: Shareholder Class Action
Date Filed: 02/25/2011
Class Period Begin: 03/20/2006
Class Period End: 01/13/2011
Court of Filing: U. S. District Court for the Southern District of New York
Deadline To File for Lead: 04/22/2011
Date Settled: 06/14/2013
Settlement Amount: $10,235,000
Deadline to Participate in Settlement: 06/24/2013
Settlement Notice:
[ oilsands_quest_inc_settlement_notice_2013.pdf ]
Settlement Proof:
[ oilsands_quest_inc_settlement_proof_2013.pdf ]
Summary:
March 21, 2013 - Settlement proposed.
February 25, 2011 - An investor in Oilsands Quest (AMEX: BQI) filed a lawsuit in the U.S. District Court for the Southern District of New York again Oilsands Quest Inc. over alleged violations of Federal Securities Laws.
According to the class action complaint the plaintiff alleges on behalf of those who purchased the common stock and other publicly-traded securities of Oilsands Quest between August 14, 2006 and July 14, 2009, that Oilsands Quest Inc. and certain of the Company's officers and directors violated the Securities Exchange Act of 1934 by overstated the value of the Company's assets by more than $136 million in violation of Generally Accepted Accounting Practices ("GAAP").
The lawsuit seeks class action status on behalf of those purchasing the common stock and other publicly-traded securities of Oilsands Quest between August 14, 2006 and July 14, 2009, inclusive , including Oilsands Quest's "Exchangeable Shares" offered as consideration for the minority interest in OQI Sask on August 14, 2006; Oilsands Quest's "units" first publicly offered on December 5, 2007 at $5.00 per unit; Oilsands Quest common stock shares publicly offered on December 5, 2007 on a flow-through basis at $6.11 ($6.17 CDN) per share; and Oilsands Quest's "units" first publicly offered on May 1, 2009 at $0.85 per unit.
As alleged in the complaint, on August 14, 2006, Oilsands Quest acquired the minority interest in its operating subsidiary, OQI Sask, that Oilsands Quest did not already own. The plaintiff alleges that between August 14, 2006 and July 14, 2009 Oilsands Quest's financial reports and statements issued thereafter were false and misleading.
MORE:
[ http://shareholdersfoundation.com/case/ ... violations ]
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IN THE BEGINNING . . . . .
SK TARSANDS - TOO TEMPTING - OILSANDS QUEST
Published in Wadena News on May 16, 2007
Dear Editor,
Starting in August 2007, (according to a recent Government Press Release New Regulations for Oil Sands and Oil Shale Resources), the Crown oil sands, oil shale rights, and work commitment bid process will be available for purchase, along with more land sales.
According to Minister Cline, after consultation with the industry and other jurisdictions, the new regulations are “…what we consider a careful yet moderate approach to development of this resource.”
Is that how the current environmental nightmare taking place in Fort McMurray started out, ….as a moderate development? Today, thanks to NAFTA and human greed, not only is this so-called ‘development’ out of control, it is Canada’s biggest polluter, and will, under continued pressure from our oil-thirsty neighbour to the south, only get worse. And, while a few people make the money, other people and nature for miles around will continue to be harmed from dirty air, dirty water, with sick and dying lakes and forests, and sick and dying people …
What areas in our own beautiful province will this latest feeding frenzy affect?
We can say goodbye to the clean air, clean water, and clean environment of the as-yet pristine area in the Clearwater River Provincial Park (that’s right - IN the park!) north of La Loche. . .and of the as-yet pristine Hudson Bay area of northeastern Saskatchewan!
The temptation was too great…it was just a matter of time!
Elaine Hughes
Archerwill, SK
[ http://www.thestar.com/news/canada/2013 ... _102m.html ]
As a director of Calgary-based Oilsands Quest, Senator Pamela Wallin was named in a securities fraud class-action lawsuit.
By: Bill Graveland The Canadian Press, Published on Mon Aug 26 2013
CALGARY—A U.S. court has approved a multimillion-dollar settlement in a securities fraud class-action lawsuit against a bankrupt energy exploration company for which embattled Sen. Pamela Wallin was a director.
MORE:
[ http://www.thestar.com/news/canada/2013 ... _102m.html ]
= = = = = =
Oilsands Quest Inc. Hit By Investor Lawsuit Over Alleged Securities Laws Violations
[ http://shareholdersfoundation.com/case/ ... violations ]
Company Name(s): Oilsands Quest
Case Name: Oilsands Quest Shareholder Class Action 02/25/2011
Case Status: Lawsuit Filed
Case Status: Settlement Proposed
Affected Securities
AMEX: BQI
Lawsuit Overview
Type of Lawsuit: Shareholder Class Action
Date Filed: 02/25/2011
Class Period Begin: 03/20/2006
Class Period End: 01/13/2011
Court of Filing: U. S. District Court for the Southern District of New York
Deadline To File for Lead: 04/22/2011
Date Settled: 06/14/2013
Settlement Amount: $10,235,000
Deadline to Participate in Settlement: 06/24/2013
Settlement Notice:
[ oilsands_quest_inc_settlement_notice_2013.pdf ]
Settlement Proof:
[ oilsands_quest_inc_settlement_proof_2013.pdf ]
Summary:
March 21, 2013 - Settlement proposed.
February 25, 2011 - An investor in Oilsands Quest (AMEX: BQI) filed a lawsuit in the U.S. District Court for the Southern District of New York again Oilsands Quest Inc. over alleged violations of Federal Securities Laws.
According to the class action complaint the plaintiff alleges on behalf of those who purchased the common stock and other publicly-traded securities of Oilsands Quest between August 14, 2006 and July 14, 2009, that Oilsands Quest Inc. and certain of the Company's officers and directors violated the Securities Exchange Act of 1934 by overstated the value of the Company's assets by more than $136 million in violation of Generally Accepted Accounting Practices ("GAAP").
The lawsuit seeks class action status on behalf of those purchasing the common stock and other publicly-traded securities of Oilsands Quest between August 14, 2006 and July 14, 2009, inclusive , including Oilsands Quest's "Exchangeable Shares" offered as consideration for the minority interest in OQI Sask on August 14, 2006; Oilsands Quest's "units" first publicly offered on December 5, 2007 at $5.00 per unit; Oilsands Quest common stock shares publicly offered on December 5, 2007 on a flow-through basis at $6.11 ($6.17 CDN) per share; and Oilsands Quest's "units" first publicly offered on May 1, 2009 at $0.85 per unit.
As alleged in the complaint, on August 14, 2006, Oilsands Quest acquired the minority interest in its operating subsidiary, OQI Sask, that Oilsands Quest did not already own. The plaintiff alleges that between August 14, 2006 and July 14, 2009 Oilsands Quest's financial reports and statements issued thereafter were false and misleading.
MORE:
[ http://shareholdersfoundation.com/case/ ... violations ]
= = = = = = = =
IN THE BEGINNING . . . . .
SK TARSANDS - TOO TEMPTING - OILSANDS QUEST
Published in Wadena News on May 16, 2007
Dear Editor,
Starting in August 2007, (according to a recent Government Press Release New Regulations for Oil Sands and Oil Shale Resources), the Crown oil sands, oil shale rights, and work commitment bid process will be available for purchase, along with more land sales.
According to Minister Cline, after consultation with the industry and other jurisdictions, the new regulations are “…what we consider a careful yet moderate approach to development of this resource.”
Is that how the current environmental nightmare taking place in Fort McMurray started out, ….as a moderate development? Today, thanks to NAFTA and human greed, not only is this so-called ‘development’ out of control, it is Canada’s biggest polluter, and will, under continued pressure from our oil-thirsty neighbour to the south, only get worse. And, while a few people make the money, other people and nature for miles around will continue to be harmed from dirty air, dirty water, with sick and dying lakes and forests, and sick and dying people …
What areas in our own beautiful province will this latest feeding frenzy affect?
We can say goodbye to the clean air, clean water, and clean environment of the as-yet pristine area in the Clearwater River Provincial Park (that’s right - IN the park!) north of La Loche. . .and of the as-yet pristine Hudson Bay area of northeastern Saskatchewan!
The temptation was too great…it was just a matter of time!
Elaine Hughes
Archerwill, SK