Key facts
- TerraVest Industries Inc. shares experienced their largest decline since 2011.
- Allegations of insider tipping have been made against the company's executive chairman.
- Kalloghlian Myers LLP is investigating a potential investor class action against TerraVest Industries Inc.
Shares of Canadian manufacturer TerraVest Industries Inc. closed down the most since 2011 over allegations of insider tipping by its executive chairman. The market reacted sharply to the news, leading to a substantial fall in the company's stock price. Kalloghlian Myers LLP is investigating a potential investor class action against TerraVest Industries Inc. (TSE: TVK). The specific details surrounding these allegations were not immediately clear.