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CLAIMS BAR DEADLINE IS JUNE 21, 2021, 5:00 PM EST
Class Members (or "Class") are deemed to be all persons and entities, excluding certain persons associated with the Defendant, wherever they may reside or be domiciled, who purchased or otherwise acquired FSD Pharma, Inc. (“FSD”) class B common shares in the secondary market, on or after September 20, 2018, and held some or all of those securities until on or after the close of trading on February 6, 2019.
Once the Administrator determines that a Claimant is an Authorized Claimant, the respective number of his, her or its Qualified Shares and his, her or its Maximum Entitlement (September Disclosure) and/or Maximum Entitlement (November Disclosure), and the Pro Rata Distribution (September Disclosure) from the Compensation Fund (September Disclosure) and the Pro Rata Distribution (November Disclosure) from the Compensation Fund (November Disclosure), the Administrator shall advise the Claimant of the Administrator’s decision by posting it on the Claimant’s online claim file.
If your Claim has been designated as “Amended”, “Deficiency” or “Rejected” in the online claims administration portal, a Claim Determination Notice will be sent within five (5) business days of the date of Claim Determination.
It is too early to calculate the pro rata payment amount. We will not in a position to do those calculations until after the Claims Bar Deadline of June 21, 2021 and all the Claim Forms are filed and processed. Once we complete adjudicating all the Claim Forms, we will file a Motion to the Court seeking authorization to make Distributions to Authorized Claimants.
Again, it is too early to provide a timeline for two reasons. One, we do not know how many Claim Forms will be filed during the Claims Period between February 13, 2021 to June 21, 2021. Second, it’s too early to know how Covid may affect the timelines to process Claims and the Court to approve the Distribution.
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