Famous Players Salaries Pension Plan Surplus
In June 2006 this class proceeding was certified and Koskie Minsky was appointed to represent the former members of the Retirement Plan for Salaried Employees of Famous Players Limited (the “Plan”).
The class proceeding dealt with the question of entitlement to the surplus in the Plan upon wind-up. A surplus sharing settlement agreement was reached which provided for a payment of approximately $17 million to the class members, or approximately $113,000 per class member. The Honourable Mr. Justice Cullity approved the settlement on September 11, 2006.
By December 2007 all of the settlement funds had been distributed to the class members.
-
Latest Developments
-
December 1, 2007
All settlement funds distributed to class members.
-
September 11, 2006
The Honourable Mr. Justice Cullity approves the settlement reached between the parties.
-
December 1, 2007
-
Documents
- July 19, 2007 Superintendent of Financial Services Consent Order July 20 2007
- April 23, 2007 Member Report dated April 24, 2007
- April 17, 2007 Financial Services Tribunal Order and Minutes of Settlement dated April 18, 2007
- September 10, 2006 Reasons for Decision of the Honourable Justice Cullity dated September 11, 2006
-
Contacts
