Investors maintain claims against Chesswood Group after debt breach revelation

Berger Montague, a Toronto law firm, is investigating Chesswood Group Limited after the company failed to disclose a breach of debt covenants. Shares, once at $7.90, are now trading at $0.90 in Canada and $0.18 in the U.S. A cease trade order from the Ontario Securities Commission has been in effect since August 2024 due to Chesswood's failure to release its second-quarter financial statements. Recently, the company announced it is under creditor protection, pausing a pending shareholder class action. Investors who bought shares between August 2023 and July 2024 are encouraged to contact the law firm for more information. The firm aims to support the class action to pursue damages against the company's directors and officers.