Who is included in this settlement?
- The settlement covers Cronos publicly traded common stock bought or acquired on NASDAQ or another public U.S. stock market from May 9, 2019 through March 30, 2020, if the investor was allegedly harmed.
- People and entities listed as exclusions in the notice are not included. This includes the defendants, certain family members, Cronos directors, officers, and employees during the class period, certain related entities and plans, and valid opt-outs.
- Buying only on the Toronto Stock Exchange (TSX) does not make someone part of this U.S. settlement class.
Do I need to file a claim to receive money?
- No. You must submit a timely, valid Claim Form to be considered for a payment.
- You may submit online or mail the completed, signed form. It must be postmarked or received by November 9, 2026.
- The notice does not list every document needed. It says to include the documents requested by the Claim Form, and says adequate documentation is required for each purchase claimed.
How will payment amounts be determined?
- The $10 million fund, plus interest, is reduced by Court-approved attorney fees, litigation costs, notice and administration costs, taxes, and other approved expenses before payments are calculated.
- Eligible approved claimants share the remaining Net Settlement Fund based on their Recognized Claims. This is not a fixed per-share payment.
- No distribution will be made when a claimant’s calculated pro rata payment is less than $10.
Does every eligible purchase produce a payment?
- A claimed purchase generally must have been held through at least one of the alleged corrective disclosure dates to have a compensable loss under the plan.
- Shares sold before February 24, 2020 have a Recognized Loss Amount of zero under the proposed plan.
- The plan uses purchase and sale dates, prices, alleged artificial inflation, and certain limits to calculate a Recognized Claim. A Recognized Claim is used to divide the fund; it is not a promise of a particular payment.
What happens to my Ontario Action rights if I stay in this settlement?
- If you remain in the settlement class, the release covers claims tied to U.S.-market Cronos purchases during the class period, including corresponding Ontario Action claims based on NASDAQ or other U.S.-market purchases.
- Claims based on TSX or other non-U.S.-market purchases are not released by this settlement.
- A person who has both U.S.-market and TSX/non-U.S.-market purchases may stay in this settlement and continue Ontario claims based on the non-U.S.-market purchases.
How do I exclude myself, and what does that change?
- To leave the settlement class, send a signed exclusion request by email or mail so it is received by October 29, 2026. A phone request is not enough.
- The request must identify each class-period U.S.-market Cronos purchase and sale, including dates, prices, and share numbers, and must include documentary proof of all class-period purchases.
- Leaving means you cannot receive a payment from this settlement. The notice says you would remain in the Ontario Certified Class and be bound by orders in that case.
Can I object or attend the approval hearing?
- Settlement Class Members may object to the settlement, the proposed plan for dividing the fund, or the requested attorney fees and expenses.
- An objection must be filed with the Court and served on listed counsel by October 29, 2026. It must be signed and include the reasons for the objection and documents showing class membership.
- The Court is scheduled to consider approval on November 19, 2026 at 11:00 a.m. Eastern Time. You do not have to attend for a timely written objection to be considered.
What fees may be taken from the fund, and when could payments be sent?
- Lead Counsel plans to request attorney fees of up to 33% of the Settlement Fund, including accrued interest, or $3.3 million, plus accrued interest.
- Counsel also plans to request up to $200,000 in litigation expenses, plus accrued interest. Any amounts the Court approves come from the settlement fund.
- Payment distribution is not scheduled simply because the hearing occurs. The notice says distributions are made after claims are processed, final approval is obtained, and the settlement reaches its Effective Date. The Effective Date also depends on specified final relief in the Ontario Action.
Other Important Dates
- Exclusion deadline: 2026-10-29
- Objection deadline: 2026-10-29
- Final approval hearing: November 19, 2026 at 11:00 a.m. (ET)
- Hearing location: United States District Court for the Eastern District of New York, United States Courthouse, Courtroom 4 C S, 225 Cadman Plaza East, Brooklyn, NY 11201
Case Details
- Total settlement fund: $10,000,000
- Case name: In re Cronos Group Inc. Securities Litigation
- Case number: 2:20-cv-01310-ENV-JMW
- Court: United States District Court for the Eastern District of New York
- Administrator: A.B. Data Ltd.
- Official Settlement Website: https://www.CronosUSSecuritiesSettlement.com
Sources
Official Settlement Website
Claim form, FAQ, deadlines, administrator information
Visit Site →Claim form, FAQ, deadlines, administrator information
Official Settlement Notice (PDF)
Court-approved notice describing eligibility and benefits
Open PDF →Court-approved notice describing eligibility and benefits