January 6, 2010
The company brought a motion to the court requesting an extension of the CCAA stay of proceedings to April 15, 2010. The motion was not opposed by any party and Justice Campbell issued the requested order. To view a copy of Justice Campbell’s endorsement and his court order click here. To view a copy of the company’s motion record for this motion, click here. To view a copy of the Monitor’s 1st Report to the court which was also filed in support of the motion, click here.
The company has instructed its actuary (Mercer (Canada) Limited) to prepare lists of all the retirees and all the applicable pension and benefit plans. Those lists are expected to be ready by the end of January/early February 2010 and will be provided to us. We will then be able to review all the pension and benefits plans provided for retirees by the company and can proceed with discussions with the company about the future of such plans.