High Liner Foods Finalizes Settlement, Shares Drop

High Liner Foods (TSE:HLF) has released an update.

High Liner Foods has successfully reached a settlement in its lawsuit against Brian Wynn, former owner of Rubicon Resources, resulting in the cancellation of over 2.4 million shares and a USD $5.65 million payment to the company. This settlement leads to a significant 7.36% decrease in the company’s outstanding shares and provides direct financial benefits to its shareholders. The resolution allows High Liner Foods to focus on its core business and investors to benefit from the outcome.

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