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Resolved Class Actions

Kugler Kandestin settled these securities class actions on behalf of class members and the Superior Court of Québec approved the settlement.

Class members consisted of persons who sustained losses on shares of Jitec Inc. that they owned between July 26, 2000 and November 9, 2000, due to the alleged actions of the defendants regarding the trading volume and the price of Jitec Inc. stock on the Montreal Stock Exchange.

The amount of the settlement was $9.85 million.