{"id":999102,"date":"2026-08-31T11:56:24","date_gmt":"2026-08-31T15:56:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/smk-law-ontario-court-grants-leave-and-certifies-galaxy-digital-securities-class-action\/"},"modified":"2026-08-31T11:56:24","modified_gmt":"2026-08-31T15:56:24","slug":"smk-law-ontario-court-grants-leave-and-certifies-galaxy-digital-securities-class-action","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/smk-law-ontario-court-grants-leave-and-certifies-galaxy-digital-securities-class-action\/","title":{"rendered":"SMK Law: Ontario Court Grants Leave and Certifies Galaxy Digital Securities Class Action"},"content":{"rendered":"<p>        <!--.bwalignl { text-align: left }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignl\"><b>SMK Law: Ontario Court Grants Leave and Certifies Galaxy Digital Securities Class Action<\/b><\/p>\n<p class=\"bwalignl\">TORONTO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;The Ontario Superior Court of Justice has granted leave pursuant to section 138.8 of the Ontario <i>Securities Act<\/i> to commence a secondary market misrepresentation claim against Galaxy Digital Holdings Ltd. (the predecessor company to Galaxy Digital Inc.) (Nasdaq: GLXY, formerly TSX: GLXY), Michael Novogratz, and Alex Ioffe. The Court also certified the action as a class proceeding.<\/p>\n<p>The action alleges secondary market misrepresentations relating to, among other things, the company\u2019s involvement with the Terra blockchain and its associated digital assets. The class includes all persons who purchased Galaxy Digital\u2019s stock during the class period of May 17, 2021, to and including May 6, 2022.<\/p>\n<p>This news release is being issued in compliance with section 138.9 of the Ontario<i> Securities Act<\/i>. A separate Court-approved notice of certification, including opt-out information, will be issued upon further order of the Court.<\/p>\n<p>SMK Law has been appointed as class counsel. A copy of the decision is available <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fsmklawyers.ca%2Fwp-content%2Fuploads%2F2026%2F08%2FBanach-v.-Galaxy-Digital-Reasons-for-Decision.pdf&amp;esheet=54596386&amp;newsitemid=20260830651109&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=e2b2b679470512069e4d64d46dea4e8a\">here<\/a>. Updates on the case are provided <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fsmklawyers.ca%2Fcurrentinvestigation%2Fgalaxy-digital-securities-class-action%2F&amp;esheet=54596386&amp;newsitemid=20260830651109&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=c50a5fed37d0567b8693b3ea777a6bf5\">here<\/a>.<\/p>\n<p><b>About SMK Law P.C.<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fsmklawyers.ca%2F&amp;esheet=54596386&amp;newsitemid=20260830651109&amp;lan=en-US&amp;anchor=SMK+Law+P.C.&amp;index=3&amp;md5=910fa0d55fa0d5152058ec17ed5f2e5a\">SMK Law P.C.<\/a> is a Canadian investor rights law firm representing institutional and individual investors. The firm is led by <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fsoheil-karkhanechi%2F%3ForiginalSubdomain%3Dca&amp;esheet=54596386&amp;newsitemid=20260830651109&amp;lan=en-US&amp;anchor=Soheil+Karkhanechi&amp;index=4&amp;md5=394d8cd3706457d1b0360bff60bb08ab\">Soheil Karkhanechi<\/a> who has decades of leadership experience in the securities and asset management industries in Canada and the US.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260830651109r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260830651109\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260830651109\/en\/<\/a><\/span><\/p>\n<p class=\"bwalignl\">SMK Law P.C.<br \/>Soheil Karkhanechi<br \/>(416) 551-7346<br \/><a rel=\"nofollow\" href=\"mailto:soheil@smklawyers.ca\">soheil@smklawyers.ca<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Class Action Lawsuit Professional Services Legal<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260830651109\/en\/2885215\/3\/SMK_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>SMK Law: Ontario Court Grants Leave and Certifies Galaxy Digital Securities Class Action TORONTO&#8211;(BUSINESS WIRE)&#8211;The Ontario Superior Court of Justice has granted leave pursuant to section 138.8 of the Ontario Securities Act to commence a secondary market misrepresentation claim against Galaxy Digital Holdings Ltd. (the predecessor company to Galaxy Digital Inc.) (Nasdaq: GLXY, formerly TSX: GLXY), Michael Novogratz, and Alex Ioffe. The Court also certified the action as a class proceeding. The action alleges secondary market misrepresentations relating to, among other things, the company\u2019s involvement with the Terra blockchain and its associated digital assets. The class includes all persons who purchased Galaxy Digital\u2019s stock during the class period of May 17, 2021, to and including May 6, 2022. This news &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/smk-law-ontario-court-grants-leave-and-certifies-galaxy-digital-securities-class-action\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SMK Law: Ontario Court Grants Leave and Certifies Galaxy Digital Securities Class Action&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-999102","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SMK Law: Ontario Court Grants Leave and Certifies Galaxy Digital Securities Class Action - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/smk-law-ontario-court-grants-leave-and-certifies-galaxy-digital-securities-class-action\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMK Law: Ontario Court Grants Leave and Certifies Galaxy Digital Securities Class Action - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SMK Law: Ontario Court Grants Leave and Certifies Galaxy Digital Securities Class Action TORONTO&#8211;(BUSINESS WIRE)&#8211;The Ontario Superior Court of Justice has granted leave pursuant to section 138.8 of the Ontario Securities Act to commence a secondary market misrepresentation claim against Galaxy Digital Holdings Ltd. (the predecessor company to Galaxy Digital Inc.) (Nasdaq: GLXY, formerly TSX: GLXY), Michael Novogratz, and Alex Ioffe. The Court also certified the action as a class proceeding. The action alleges secondary market misrepresentations relating to, among other things, the company\u2019s involvement with the Terra blockchain and its associated digital assets. The class includes all persons who purchased Galaxy Digital\u2019s stock during the class period of May 17, 2021, to and including May 6, 2022. 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