Investors who purchased or otherwise acquired Cronos Group Inc. (NASDAQ: CRON) common stock on the NASDAQ or another U.S. public market between May 9, 2019 and March 30, 2020 may qualify to claim a share of the $10 million Cronos Group securities class action settlement, estimated at about $0.06 per share before fees. Claims close November 9, 2026, and the final approval hearing is set for November 19, 2026.
Current Status
Claims are open. A claim must be submitted online or postmarked by November 9, 2026; the notice gives a date but no time of day, so file early. The court granted preliminary approval on August 4, 2026 and has scheduled the final approval hearing for November 19, 2026. No final approval order has been entered and no payment date has been announced.Free settlement alerts
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What Changed Recently?
The claim window opened after Judge Eric N. Vitaliano of the U.S. District Court for the Eastern District of New York granted preliminary approval on August 4, 2026 to a $10,000,000 cash settlement of In re Cronos Group Inc. Securities Litigation, No. 2:20-cv-01310-ENV-JMW. A magistrate judge had recommended preliminary approval on July 20, 2026.The case was filed in March 2020. The consolidated complaint alleges that Cronos and certain of its executives made false or misleading statements about the company's revenue and internal controls, focusing on revenue Cronos recognized in 2019 in connection with bulk resin purchases and sales of products through its wholesale channel. Cronos disclosed on March 2, 2020 that its audit committee was reviewing that revenue, and later restated certain 2019 interim financial statements. Plaintiffs allege the stock fell as those problems became public. The court dismissed the case in November 2023, then reinstated the plaintiffs' ability to amend in December 2024; the parties told the court in May 2025 that they had reached an agreement in principle.
Defendants deny the allegations and any wrongdoing in this lawsuit. Separately, Cronos settled with the SEC in October 2022 without admitting or denying the agency's allegations, and in a settlement with Ontario Securities Commission staff approved that same month agreed to pay a total of $1.34 million CAD and acknowledged it had not complied with Ontario's interim financial reporting requirements.
Who Qualifies?
The settlement class covers all persons and entities who purchased or otherwise acquired Cronos Group Inc. publicly traded common stock on the NASDAQ, or on any other public U.S. market for trading stocks, between May 9, 2019 and March 30, 2020, both dates inclusive, and who were damaged as a result.Shares bought on the Toronto Stock Exchange or any other non-U.S. exchange are not covered. The defendants and the related persons and entities the settlement notice lists as excluded are not class members, and neither is anyone who submits a valid request for exclusion by October 29, 2026.
A separate class action over the same disclosures is pending in the Ontario Superior Court of Justice, which certified it in October 2023. According to Cronos's SEC filings, the U.S. settlement would release claims — including claims asserted in the Ontario action — based on shares acquired on a U.S. market during the class period, but would not resolve claims of investors who acquired shares on the TSX. A plaintiff in the Ontario action has told the court he intends to oppose approval of the U.S. settlement. Investors who bought on both exchanges should read the notice carefully before deciding whether to file, opt out or object.
How Much Can You Get?
The $10,000,000 settlement amount pays notice and administration costs, taxes, and any attorneys' fees and litigation expenses the court awards before anything is distributed. Lead counsel intends to ask for fees of up to 33% of the fund, or $3,300,000, plus expenses of up to $200,000.Plaintiffs estimate the average recovery at about $0.06 per affected share before fees and expenses, or about $0.04 after them. That is an estimate and an average. Each authorized claimant receives a pro rata share of the net settlement fund based on their Recognized Loss under the plan of allocation, measured against the total Recognized Losses of all valid claims.
To have any Recognized Loss, a share must have been held through at least one of the four dates on which the stock price allegedly fell because of a corrective disclosure: February 24, March 2, March 17 or March 30, 2020. Shares bought during the class period and sold before February 24, 2020 have a Recognized Loss of $0. Purchases and sales are matched on a first-in, first-out basis, so shares held at the start of the class period are treated as sold before shares bought during it.
What Proof or Notice ID Is Required?
The claim form does not depend on a code from a mailed notice, but it does require brokerage records — account statements, trade confirmations or a similar broker record — supporting every Cronos transaction it lists.List every transaction the form asks about, including profitable trades, so the administrator can apply the first-in, first-out matching correctly. Missing records can make a claim deficient.
What Is the Deadline?
November 9, 2026. Claims must be submitted online or postmarked by that date. The notice does not specify a time of day or time zone for online filing, so submit well before the end of the day.Requests for exclusion and objections must be received by October 29, 2026. A class member who does nothing by then stays in the class and is bound by the settlement if it is approved.
How Do You Take Action?
Eligible investors file with the court-appointed claims administrator, A.B. Data, Ltd., through the claim portal linked from the official settlement website, Cronos U.S. Securities Settlement. The site also carries the notice, the claim form and the settlement documents. Filing is free and does not require hiring a lawyer.To file, identify the beneficial owner of the shares, enter each Cronos transaction the form requests, upload or attach the supporting brokerage records, and submit before the deadline. Keep the confirmation the administrator provides. Non-U.S. claimants may need additional forms listed on the claim form.
What Happens Next?
The court will consider final approval of the settlement, the plan of allocation and lead counsel's fee and expense request at the hearing on November 19, 2026 at 11:00 a.m. Eastern Time. Objections, including any from the Ontario action, will be before the court at that hearing. The date or format can change, and changes are posted on the official settlement website.Payments cannot begin until the court grants final approval, any appeals are resolved, and the administrator finishes processing claims. No distribution date has been announced.
Sources and Verification
The amounts, dates, class definition and allocation rules on this page come from the court-authorized notice and claim materials published on the official settlement website and from the court's preliminary approval order. The litigation history, the Ontario action and the regulatory settlements are described in Cronos Group's own SEC filings.- Official settlement website — Cronos U.S. Securities Settlement
- Cronos Group quarterly report for the period ended June 30, 2026 (contingencies) — Form 10-Q on SEC EDGAR
- Court docket — In re Cronos Group Inc. Securities Litigation, No. 2:20-cv-01310-ENV-JMW, U.S. District Court for the Eastern District of New York
This page is informational and is not legal advice.
Questions
Do Cronos shares bought on the Toronto Stock Exchange qualify?
No. The U.S. settlement covers only Cronos common stock bought or acquired on the NASDAQ or another U.S. public market during the class period. Shares bought on the Toronto Stock Exchange or any other non-U.S. exchange are excluded, and the settlement does not resolve claims based on those purchases.
How does the U.S. Cronos settlement affect the Ontario class action?
A separate class action over the same disclosures is pending in the Ontario Superior Court of Justice, which certified it in October 2023 for investors who bought on the secondary market, including the TSX and Nasdaq. According to Cronos's SEC filings, the U.S. settlement would release claims — including claims in the Ontario action — based on shares acquired on a U.S. market during the class period, but would not resolve claims of investors who acquired shares on the TSX. A plaintiff in the Ontario action has told the court he intends to oppose approval of the U.S. settlement.
Why might a Cronos claim calculate to zero?
A share has to have been held through at least one of the alleged corrective disclosures on February 24, March 2, March 17 or March 30, 2020 to have a Recognized Loss. Shares bought during the class period and sold before February 24, 2020 recover nothing. Purchases and sales are matched first-in, first-out, so earlier holdings are counted as sold first.
Did Cronos admit wrongdoing in its regulatory settlements?
Cronos settled with the SEC in October 2022 without admitting or denying the SEC's allegations and paid no civil penalty. In a settlement with Ontario Securities Commission staff approved the same month, Cronos agreed to pay a total of $1.34 million CAD and acknowledged that it had not complied with Ontario's interim financial reporting requirements. In this class action, the defendants deny wrongdoing.
