goeasy Ltd. (TSE:GSY) - Class Action Investigation - Sotos Class Actions

goeasy Ltd. (TSE:GSY) Class Action Investigation

Class Action Investigation

goeasy Ltd. Securities (TSE: GSY)

We are investigating a potential securities class action relating to goeasy Ltd. (TSE: GSY) and the company’s public disclosure of credit losses, loan delinquency rates, and related financial metrics.

This investigation follows a September 2025 short-seller report and subsequent market events, including the March 10 announcement that it expects to incur net charge offs of “approximately $331M,” which significantly affected goeasy’s share price.

Affected Investors:

This investigation concerns investors who acquired goeasy Ltd. securities within the last three years.

Background:

On September 22, 2025, Jehoshaphat Research released a report raising concerns about goeasy Ltd.’s accounting for credit losses and its reported loan delinquency rates. The report alleged that certain credit losses may have been delayed in recognition and that delinquency levels may have been higher than publicly disclosed.

Initially, goeasy Ltd. publicly denied the report’s conclusions. However, following the report’s release, goeasy’s share price declined significantly, resulting in a substantial loss of market value. In the weeks that followed, several senior members of goeasy’s management stepped down. On March 10, 2026 goeasy announced that it “expects to incur an incremental charge off in Q4 2025 of approximately $178M against gross consumer loans receivable of $5.5B as at December 31, 2025, and a related write down of approximately $55M for loan interest and fees. Total Company net charge offs (including the incremental charge off above) in the quarter are expected to be approximately $331M.”

Issues Under Investigation:

The investigation is examining whether goeasy Ltd.:

  • Misrepresented or failed to fully disclose credit loss recognition practices
  • Understated loan delinquency metrics or related credit risk indicators
  • Created a misleading impression regarding the quality or performance of its loan portfolio
  • Failed to comply with continuous disclosure obligations under applicable Canadian securities laws

Next Steps for Investors:

If you purchased goeasy Ltd. securities within the last three years and suffered losses, you may wish to learn more about your potential rights and options.