On September 16, 2014 U.S. Steel Canada Inc. (“USSC”, formerly Stelco) was granted protection from its creditors under the Companies’ Creditors Arrangement Act (“CCAA”) pursuant to an Order of the Regional Senior Justice Morawetz of the Ontario Superior Court of Justice (Commercial List). The firm of Ernst & Young Inc. was appointed as Monitor in the CCAA proceedings and William E. Aziz of BlueTree Advisors II Inc. was appointed as the Chief Restructuring Officer.
On October 8, 2014, by Order of Mr. Justice Wilton-Siegel, Gary Dallin, George Hanson, Paul Wendling, Pat Mousseau, Ronald McClure, Frank Dalimonte were appointed as Representatives of all Non-USW Active Employees and Retiree Beneficiaries in USSC’s CCAA Proceedings and Koskie Minsky was appointed as Representative Counsel with respect to all matters pertaining to any recovery, compromise of rights or entitlements of said individuals under the pension plans and other benefit plans.
In accordance with the Representation Order, a Notice was sent by USSC to all Salaried Active Employees and Retirees who are affected by these appointments. To view a copy of the Notice, please click here.
As required by the Representation Order, the Notice was sent out within 14 days to all Salaried Active Employees and Retirees and the deadline to submit an opt-out was therefore set by the Company to November 14, 2014. Any person not wishing to be represented by the Representatives and our firm may opt-out by sending a letter to the Monitor by November 14, 2014.
To view court documents, orders and other publicly available information with respect to the CCAA proceedings, please visit the website of the Monitor by clicking here.
If you have any questions please call us on our toll-free hotline for USSC Salaried Active Employees and Retirees at 1-866-777-6341 or email us at email@example.com.