Ithaca Energy Limited agreed to a CAD $9 million proposed settlement in a long-running class action lawsuit alleging misrepresentations related to Ithaca’s offshore oil and gas business and operations concerning: (1) material modifications to its floating production facility the FPF-1; and (2) corresponding 2015 pro forma production and revenue projections for the Greater Stella Area in the Central North Sea.
Gregg Edwards was retained on behalf of investors to provide expert opinions and testimony regarding class-wide damages for Ithaca Energy Limited ordinary shares.
For more information on the settlement, click here.
