Berger Montague (Canada) PC Serving as Class Counsel to the Investors That Purchased Shares of Guyana Goldfields, Inc.

TORONTO, CANADA – Berger Montague (Canada) PC, a Toronto-based law firm that focuses on representing investors in cross-border shareholder disputes, is serving as Class Counsel to the investors that purchased shares of Guyana Goldfields, Inc. between December 17, 2017 and March 29, 2019.

In a decision that may be the first of its kind, investors were successful in obtaining an order for third-party discovery prior to the completion of “leave to proceed” and certification of the claims and common issues. The Court agreed with the investors that this third-party had made communications that appeared to be highly probative and, as such, would be important for the case. Guyana Goldfields Inc. objected by arguing that the investors were attempting to circumvent Ontario discovery rules and historical practices under the Ontario Class Proceedings Act. “In these unique circumstances, the Court intervened to ensure that important evidence known to the parties was available to the plaintiffs at the pre-discovery stage” said Vincent DeMarco, the lawyer that made the submissions to the Court.

Guyana Goldfields Inc. is seeking to appeal the decision to the Divisional Court. The burden to appeal an interlocutory order is high and only granted in rare circumstances. The appeal will be heard in September 2025. If the motion court’s decision is upheld the investors should receive these records soon after. “These records will be a gamechanger and likely put the investors’ claims on the fast-track after years of delay from this motion,” said Andrew Morganti.

Investors that purchased shares of Guyana Goldfields, Inc. are encouraged to contact Berger Montague (Canada) PC.

Berger Montague is one of the nation’s preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. The firm is active in the fields of antitrust, commercial litigation, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For more than 50 years, Berger Montague has played lead roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

Contact:

Berger Montague (Canada) PC

(647) 576-7840 or [email protected]