Important Update: The Claims Administrator issued settlement payments on September 15, 2025 to approved claimants whose payment information was submitted on or before June 8, 2025. Claimants who provided an e-mail address will have received an e-mail notifying them that their payment was issued.
Approved claimants who have not received their settlement payment have until October 7, 2025 to provide their payment information through the payment portal. Settlement payments can only be distributed to approved claimants if they provide the necessary payment information. Failure to provide payment information will result in the settlement funds being forfeited and re-allocated pursuant to the Court-approved Plan of Distribution.
The settlement was approved by Order of the Court on January 5, 2023.
If you acquired Northland Resources S.A. Securities between April 1, 2012 and January 23, 2013 and held some or all of those Securities as of January 23, 2013, you may be a member of the proposed class.
The settlement required the payment of EUROS 7,550,000.00 for the benefit of Class Members. The settlement amount, minus Court-approved Class Counsel fees, disbursements, administration costs and applicable taxes has been distributed to Class Members pursuant to the Court-approved Plan of Distribution.
Status of Claims Administration
The claims deadline was December 15, 2023 and the final date to submit a late claim was April 25, 2025. It is no longer possible to submit a late claim to seek payment from the settlement.
Decision letters were sent to all claimants on May 9, 2025. Settlement payments were issued on September 15, 2025 to approved claimants that provided their payment information on or before June 8, 2025.
Approved claimants who have not received their settlement payment have until October 7, 2025 to provide their payment information. Failure to provide payment information will cause approved claimants to forfeit their settlement payment. Forfeited settlement payments will be re-allocated pursuant to the Court-approved Plan of Distribution.
Case Information
For more information on the claims administration process and all other case related information, including who is included in the Action and who represents Class Members, please visit the FAQ page.
To view a copy of the Settlement Agreement, Plan of Distribution, Court Orders and other case documents, please visit the Documents page.