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Regulatory

Global Atomic Receives Statement of Claim and Denies Allegations

By The Northwire Desk — AI Analysis Feb 25, 2026 · 18:04 GLO · 0.88 Global Atomic Corporation
GLO · Price

Executive Summary

  • Global Atomic Corporation received a statement of claim filed on February 19, 2026 initiating a proposed class‑action lawsuit alleging misrepresentations in public disclosures between November 10, 2023 and January 23, 2025.
  • The plaintiff seeks an unspecified amount of damages against the Company and its CEO; the action has not yet been certified as a class action nor has leave to proceed been sought.
  • Global Atomic stated it will vigorously defend the claim.

Key Details

  • Filing Date & Court: Statement of claim filed in the Ontario Superior Court of Justice on February 19, 2026.
  • Allegations: Misrepresentations made by Global Atomic in public disclosures during the period 10 Nov 2023 – 23 Jan 2025.
  • Plaintiff’s Claim: Unspecified damages sought against both the Company and its Chief Executive Officer.
  • Class‑Action Status: Action not yet certified as a class action; no leave of court under Section 138.8 of the Ontario Securities Act has been requested.
  • Company Response: Intent to “vigorously defend” the claim.

Notable Quotes

(No direct quotes from executives were included in the release.)

Read the original news release →

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