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.
