This action relates to the termination of Shaw Canada employees on August 31, 2012 as a result of the bankruptcies of Shaw Canada L.P., Stone & Webster Canada Holding One (N.S.), ULC (“SWC1”) and Stone & Webster Canada Holding Two, Inc. (“SWC2”). We act for the terminated employees. Our clients allege that The Shaw Group Inc. and other defendants are liable for damages relating to, among other things, wrongful dismissal and the underfunding of the Employees Retirement Plan of Stone & Webster Canada L.P. The defendants include The Shaw Group Inc., which is the parent of Shaw Canada. The defendants deny the allegation and any wrongdoing.
On September 10, 2013, the plaintiffs, The Shaw Group Inc. and the trustee in bankruptcy for Shaw Canada, SWC1 and SWC2 entered into a settlement agreement to resolve the litigation that we brought against The Shaw Group Inc. and its affiliates. The Shaw Group Inc. has agreed to pay Cdn $9.4 million to settle all claims (as defined in the settlement agreement). In exchange, there is a full release of The Shaw Group Inc. and its affiliates. The settlement is subject to court approval. A copy of the settlement agreement can be viewed here.
On October 9, 2013 the Ontario Superior Court of Justice (Commercial List) converted the action into a class proceeding for settlement purposes and approved the settlement. For more information on the settlement, select the Settlement tab on the Shaw Class Action webpage or click here.