Lightspeed to pay $11 million to settle Quebec class-action lawsuit

Lightspeed Commerce offices are seen in Montreal, Thursday, Jan. 18, 2024. THE CANADIAN PRESS/Christinne Muschi

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MONTREAL - Lightspeed Commerce Inc. has agreed to pay $11 million to settle a class-action lawsuit in Quebec that alleged the company misrepresented its financial performance.

The proposed settlement agreement reached in June does not include any admission of liability by the company which denied the allegations of any wrongdoing. 

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