Open for claimsSecuritiesCronos Group U.S. Securities Settlement
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Investors who purchased or acquired Cronos Group common stock on NASDAQ or another public U.S. stock market from May 9, 2019 through March 30, 2020 may qualify for a payment from a proposed $10 million securities settlement. The class covers eligible investors regardless of their country of residence; purchases on the Toronto Stock Exchange or other non-U.S. markets are outside this settlement.
Submit a complete claim with supporting trading records online, or mail it with a postmark, by November 9, 2026. Payments depend on recognized losses, the number and value of approved claims, deductions from the fund and final court approval. No fixed payment is guaranteed.
The lawsuit alleges false or misleading statements about Cronos’s revenue. Defendants deny wrongdoing. The settlement also releases overlapping Ontario-action claims concerning covered U.S.-market trades if it becomes effective; claims about non-U.S.-market purchases remain outside the release.
Key facts
- Claim deadline
- November 9, 2026 — online submission or mail postmark
- Settlement fund
- $10 million USD, before approved deductions
- Covered transactions
- U.S.-market Cronos common-stock acquisitions, May 9, 2019–March 30, 2020
- Proof required
- Trading and holdings records; signed claim
- Court case
- In re Cronos Group Inc. Securities Litigation, 2:20-cv-01310-ENV-JMW
Official settlement administrator: A.B. Data, Ltd.
Evidence for key facts
These excerpts record what official sources said when checked. Open a fact to see its source and supporting passage. Follow the source for the latest information.
Claim statusChecked
The Court in charge of this case still has to decide whether to approve the proposed Settlement. Payments will be made to all eligible Settlement Class Members who timely submit valid Claim Forms, if the Court approves the Settlement and after any appeals are resolved.
Issued notice and proposed plan of allocationp2; claim p1
Who qualifiesChecked
all persons and entities, irrespective of country of residence, who or which purchased or otherwise acquired the publicly traded common stock of Cronos Group Inc. on the NASDAQ, or any other public U.S. market for trading stocks, during the period from May 9, 2019 through March 30, 2020, both dates inclusive, and were allegedly damaged thereby.
Who qualifiesChecked
Excluded from the Settlement Class are: (i) Defendants; (ii) members of the immediate family of any Defendant who is an individual; (iii) all directors, officers or other employees of Cronos during the Class Period; (iv) any firm, trust, corporation, or other entity in which any Defendant has or had a controlling or beneficial interest; (v) Cronos’s employee retirement and benefit plan(s) and their participants or beneficiaries, to the extent they made purchases through such plan(s); and (vi) the legal representatives, affiliates, control persons, heirs, successors-in-interest, or assigns of any such excluded persons.
Payment and benefitsChecked
Cronos has agreed to cause a $10,000,000 payment to be made, which, along with any interest earned, will be distributed, after deduction of Court-awarded attorneys’ fees and Litigation Expenses, Notice and Administration Expenses, Taxes, and any other fees or expenses approved by the Court
Issued notice and proposed plan of allocationp10 para40; p16 para76
Payment and benefitsChecked
The Net Settlement Fund will be allocated among all Authorized Claimants whose prorated payment is $10.00 or greater. If the prorated payment to any Authorized Claimant calculates to less than $10.00, it will not be included in the calculation and no distribution will be made to that Authorized Claimant.
Payment and benefitsChecked
Sold before February 24, 2020, the Recognized Loss Amount for each such share shall be zero.
Issued notice and proposed plan of allocationp16 para78 and p17 para82A
Proof requirementsChecked
Claims must be accompanied by adequate supporting documentation for the transactions reported, in the form of broker confirmation slips, broker account statements, an authorized statement from the broker containing the transactional information found in a broker confirmation slip, or such other documentation as is deemed adequate by the Claims Administrator and/or Lead Counsel. Self-generated emails or spreadsheets are not sufficient.
Issued proof of claim and release formp2 paras10-12
Proof requirementsChecked
All joint owners must sign this claim.
Claim deadlineChecked
THIS CLAIM FORM MUST BE SUBMITTED NO LATER THAN NOVEMBER 9, 2026. CLAIMS MAY BE SUBMITTED ONLINE AT WWW.CRONOSUSSECURITIESSETTLEMENT.COM OR, IF MAILED, MUST BE POSTMARKED NO LATER THAN NOVEMBER 9, 2026
Claim deadlineChecked
Each Claim Form shall be deemed to have been submitted when postmarked (if properly addressed and mailed by first-class or overnight mail, postage prepaid). Any Claim Form submitted in any other manner shall be deemed to have been submitted when it is actually received at the address designated in the Claim Form.
Signed preliminary approval orderp11 para16a; p4 visually inspected
Who qualifiesChecked
If you bought Cronos shares on the TSX or a non-U.S. market during the Class Period, you are not required to exclude yourself now in order to pursue claims about those purchases in the Ontario Action.
Issued notice and proposed plan of allocationp10 para43; p12 para50
Proof requirementsChecked
Social Security Number (Last four digits only) or Taxpayer Identification Number (last four digits only):
Issued proof of claim and release formClaim PDF p3, Part I
Proof requirementsChecked
I (We) declare under penalty of perjury under the laws of the United States of America that all of the foregoing information supplied by the undersigned is true and correct.
Issued proof of claim and release formClaim PDF p5, certification
Who qualifies
- You are a person or entity that purchased or otherwise acquired publicly traded Cronos common stock on NASDAQ or another public U.S. stock market from May 9, 2019 through March 30, 2020, inclusive, and allegedly suffered damages. Country of residence does not determine eligibility.
- Trades on the Toronto Stock Exchange or other non-U.S. markets do not qualify. Owning a mutual fund that bought Cronos stock does not by itself make you a class member; the fund may have its own claim.
- To have a compensable loss under the proposed allocation plan, covered shares must have been held through at least one alleged corrective disclosure. Shares sold before February 24, 2020 have zero recognized loss. The administrator applies the detailed loss formula and transaction matching in the notice.
- Excluded are defendants; immediate family of individual defendants; Cronos directors, officers and other employees during the class period; entities in which a defendant has or had a controlling or beneficial interest; Cronos employee retirement or benefit plans and participants or beneficiaries to the extent purchases were through those plans; and the legal representatives, affiliates, control persons, heirs, successors or assigns of those excluded persons. Valid opt-outs are also excluded.
How to file a Cronos securities claim
- 1
Gather your trading records
Collect broker confirmations, account statements or other documentation accepted by the administrator. Report beginning holdings, covered purchases, subsequent purchases and sales through June 26, 2020, and ending holdings as the form requires. Self-created spreadsheets or emails alone are insufficient.
- 2
Complete the official claim form
Use the official filing page or download the paper claim form from the administrator’s Notices/Claim Form page. Provide beneficial-owner, contact and account information and the last four digits of your SSN or taxpayer identification number. File a separate form for each account. Do not include trades on non-U.S. markets.
- 3
Attach proof and sign
All joint owners must sign. A representative must identify their capacity and provide authority to act. The claim includes a certification under penalty of perjury. Do not submit duplicate claims for the same transactions; provide any additional records the administrator requests.
- 4
Submit by November 9, 2026
Submit online or mail the signed form and copies of supporting records, postmarked by November 9, to Cronos U.S. Securities Settlement, c/o A.B. Data, Ltd., P.O. Box 173088, Milwaukee, WI 53217. Keep copies and confirmation. The paper form says to contact the administrator if its acknowledgment does not arrive within 60 days.
How the U.S. settlement relates to the Ontario action
If the settlement becomes effective, class members who do not validly opt out release covered U.S.-market claims, including overlapping claims asserted in the Ontario action. The notice says Ontario class counsel objects to the proposed settlement. Non-U.S.-market claims, including TSX purchases, are outside this settlement’s release.
The exclusion deadline is October 29, 2026, and exclusion requests must be received by that date. The official notice explains the required documents, objection procedure and legal consequences. Review those instructions carefully; filing a claim and requesting exclusion are different choices.
Institutional and representative claims
The actual beneficial owner or an authorized legal representative must file. For bulk institutional electronic data files, the issued form additionally requires a manually signed paper claim and the administrator’s acknowledgment accepting the electronic data. This is separate from ordinary online filing.
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Frequently asked questions
How much will I receive?
The proposed plan allocates the net settlement fund in proportion to recognized losses, using purchase and sale dates, prices and transaction matching. Approved fees, expenses, administration costs and taxes reduce the $10 million fund. Calculated distributions below $10 are not paid; $10 is not a guaranteed minimum. The notice’s per-share estimates are not a promised payout.
Do I have to live in the United States?
No. The class definition applies regardless of country of residence. The relevant restriction is that the covered Cronos common stock was purchased or acquired on NASDAQ or another public U.S. stock market during the class period.
What if I bought Cronos stock on the Toronto Stock Exchange?
TSX and other non-U.S.-market trades do not qualify for this U.S. settlement. Claims about those trades are not released here. If you also made covered U.S.-market purchases, review the notice’s explanation of how this settlement affects the separate Ontario action.
What proof do I need?
Broker confirmation slips, broker account statements, an authorized broker statement with transaction details, or other documentation the administrator accepts. Records must support the requested purchases, sales and holdings. If a record does not identify the market, the claim form says the administrator will assume U.S.-dollar trades are U.S. trades and other-currency trades are not, unless you establish otherwise.
When will payments be sent?
There is no guaranteed payment date. Payments require final court approval, the settlement becoming effective, resolution of any appeals and claim processing. The final approval hearing is scheduled for November 19, 2026 at 11:00 a.m. Eastern Time, subject to change.
What is the deadline, and does a postmark count?
The claim deadline is November 9, 2026. The issued claim form expressly permits online submission or a mailed claim postmarked by that date. It does not state an exact online cutoff hour or timezone.
Sources and official records
Consult these records for the official terms and current updates. ClaimBee's summary helps explain the settlement; the administrator and court documents determine the claim requirements and benefits.
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