Shareholders Seeking Justice Launch Blog-Site to Educate Shareholders and Capital Markets About $2 Billion Class Action Lawsuit Against Brookfield Asset Management
TORONTO, ONTARIO -- (Marketwire) -- 03/23/11 -- Shareholders seeking Justice announce that they have recently launched a blog site (http://jimymac.blogs.com/shareholdersforjustice/) dedicated to educating the investing public about a class action lawsuit filed against Brookfield Asset Management. The lawsuit challenges the acquisition and transfer of a $2 billion asset from a public company, Birch Mountain Resources, to a private company, the Hammerstone Corporation, a subsidiary of Brookfield Special Situations Group (formerly Tricap).
A Birch Mountain shareholder group allege that their rights were usurped using oppressive and questionable methods through which the acquisition and transfer was accomplished for virtually pennies on the dollar relative to the asset's quantified and appraised value.
The newly launched blog site will remain an independent voice seeking resolution, restitution, and recovery for Birch Mountain shareholders who suffered significant financial losses. The site will include public information and legal documentation links about the lawsuit.
A separate website (Birch Mountain Class Action), yet to be launched by the attorneys, will deal with legal documentation and case status.
For anyone wishing to attend the first hearing for motion of jurisdiction it will take place on April 20, 2011 at 10:00 am at Osgoode Hall, 130 Queen Street West, Toronto, Ontario. It will be heard in open court. The specific courtroom number will be posted at the courthouse entrance on the day of the motion.
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