If you bought Just Energy Group shares between May 16, 2018 and August 14, 2019, you may be entitled to money from a combined US$25 million and C$1.5 million settlement, and the deadline to file a Just Energy settlement claim is June 17, 2026. Claim forms go to the court-appointed administrator, Verita Global, LLC. The Ontario Superior Court of Justice gave final approval to the larger settlement in an order dated November 5, 2025, with a further confirming order on December 19, 2025.1Siskinds LLP. Just Energy Class Action2Newswire. Notice of Settlement for Just Energy Group Inc.
Who Qualifies
The settlement class covers investors who acquired Just Energy securities during the class period of May 16, 2018 through August 14, 2019, and who still held some or all of those securities at the close of trading on either July 22, 2019, or August 14, 2019.3Newswire. Plaintiffs Reach Further Settlement in Just Energy Securities Class Action Both of the company’s publicly traded securities are covered:
- Common shares, which traded on the TSX and NYSE under the ticker “JE.”
- 8.50% Series A preferred shares, which traded under “JE.PR.U” on the TSX and “JE.PR.A” on the NYSE.
You are excluded from the class if you are one of the defendants, a current or former officer, director, or senior employee of Just Energy or Ernst & Young, an immediate family member of an individual defendant, or an entity controlled by an individual defendant.4Yahoo Finance. Notice of Settlement for Just Energy Group Inc.
One point worth flagging: the equity you held was cancelled during Just Energy’s 2022 restructuring, and general unsecured creditors received no recovery in that process.5Omni Agent Solutions. Just Energy Group Inc. Case Overview This settlement is separate from the insolvency proceedings, and eligibility depends on when you bought and held the shares, not on whether you still hold anything today.
How To File Your Claim
Claims are handled by Verita Global, LLC, and the filing deadline is June 17, 2026.1Siskinds LLP. Just Energy Class Action You can get the claim form and instructions through any of the following:
- Website: www.justenergysettlement.com
- Telephone: 1-866-644-0550 or 1-888-808-8041
- Email: info@justenergysettlement.com
Be ready to document your trades. Brokerage statements or transaction confirmations showing purchase dates, sale dates, share counts, and prices during the class period are the kind of records claims administrators typically ask for.
How Much You Could Receive
The exact per-share payout has not been disclosed, because each claimant’s share depends on the total number and size of valid claims filed. The court approved a Plan of Allocation alongside the settlement agreement, and that document sets out the formula the administrator will use to divide the fund.1Siskinds LLP. Just Energy Class Action
Before distribution, the fund will be reduced by legal fees, disbursements, and taxes. Class counsel, made up of Siskinds LLP, Berger Montague (Canada) PC, and The Rosen Law Firm, sought fees of up to 30% of the settlement (US$7.5 million), plus disbursements and taxes, along with C$5,000 honoraria for the representative plaintiffs.3Newswire. Plaintiffs Reach Further Settlement in Just Energy Securities Class Action
What the Case Was About
The lawsuit, Gilchrist v. Just Energy Group Inc., was filed in the Ontario Superior Court of Justice by representative plaintiff Stephen Gilchrist.6Siskinds LLP. Gilchrist v. Just Energy Court Order It alleged that Just Energy’s public statements during the class period were materially misleading because the company was experiencing serious customer enrollment and nonpayment problems and lacked adequate internal controls over financial reporting.7Levi & Korsinsky LLP. Just Energy Group Inc. Class Action Lawsuit
In August 2019, Just Energy restated its financial statements and disclosed that its allowance for doubtful accounts for the period ended December 31, 2018 had been understated by $74.6 million: $34.5 million tied to customer enrollment and nonpayment problems in the Texas residential market, and $40.1 million tied to operational and collection issues in the United Kingdom.8U.S. Securities and Exchange Commission. Just Energy Group Inc. Restated MD&A After the disclosures, the common stock fell from $4.38 to $1.18 per share.9Wittels Law. Just Energy Shareholder Action
Along with Just Energy, the case named then-CEO Patrick McCullough, then-CFO James Brown, and the company’s auditor, Ernst & Young LLP, whose reports dated May 16, 2018, May 15, 2019, and August 14, 2019 were at issue.6Siskinds LLP. Gilchrist v. Just Energy Court Order Ernst & Young settled first, agreeing to pay C$1.5 million in a deal approved on October 31, 2023. The US$25 million settlement with Just Energy, funded by the company’s insurers, followed in August 2025. Neither Just Energy nor Ernst & Young admitted wrongdoing.3Newswire. Plaintiffs Reach Further Settlement in Just Energy Securities Class Action