News & Events
October 4, 2019
We are pleased to advise that the Financial Services Regulatory Authority (“FSRA”) has issued an order approving the merger of the Toronto Civic Employees’ Pension Plan (the “Civic Plan”) with the Ontario Municipal Employees’ Retirement System (“OMERS”). This significant step is a precondition to any distribution of surplus from the Civic Plan. We are advised
September 26, 2019
Summary judgment was granted to the Bell defendants. A copy of the decision is available here. The Plaintiff has appealed. The date for the hearing of the appeal has not been set yet.
September 24, 2019
The Plaintiffs and Defendant are engaging in documentary production, the preliminary stage of preparations for trial.
September 18, 2019
Justice Belobaba approved the settlement with Deutsche Bank and also approved the fees and disbursements of Class Counsel. You can find the settlement approval order here, the fee approval order here and the Court’s reasons for approval here. The settlement funds (plus interest, less court-approved fees and expenses) are being held in trust for the benefit of settlement class
September 16, 2019
In a landmark ruling, Justice Perell granted summary judgment in favour of the class, awarding $20 million in aggregate damages. This award is to be distributed directly to class members who were involuntarily subjected to administrative segregation for 15 consecutive days or more in a Federal prison. Individual claims for additional damages will be adjudicated
September 12, 2019
Claims for amounts owing to Retirees Representative Counsel prepared and advanced claims on behalf of the former employees and retirees for the following amounts owing to them by Sears Canada: a) the amount of $260 million owing by Sears Canada to the underfunded Sears Canada Plan on its wind-up, which is referred to as the
September 11, 2019
The discovery phase of the litigation is expected to be completed in 2020. We expect that a trial may follow a year later.
September 10, 2019
The class action plaintiffs are pleased to announce that a proposed settlement has been reached with PricewaterhouseCoopers LLP, subject to court approval. A copy of the Long Form Notice is available here. A copy of the Settlement Agreement is available here. A copy of the Plan of Allocation is available here.
September 4, 2019
The judicial review hearing has now been scheduled by the Federal Court to be heard on October 23, 2019 in Toronto.