May 9, 2009
A tentative settlement has been reached in this matter. Under the terms of the proposed settlement, the Defendants will pay C$11million, inclusive of legal and settlement administration fees, to provide benefits to Class Members. The proposed settlement includes a claims-based compensation plan for class members, an alternative take-down benefit for certain freelance Works, as well as certain donations. The settlement includes a release of all claims and a license in respect of all Works not taken down. Class Members will be provided a further opportunity to opt out of the Proposed Settlement if it is approved by the Court. The parties will appear before the Ontario Superior Court of Justice at the Court House located at Osgoode Hall, Courtroom 4, 130 Queen Street West, Toronto, Ontario on June 16, 2009 at 10:00 a.m. to ask the Court to approve the proposed settlement. Class Members may attend the hearing and may ask to make submissions regarding the proposed settlement. Any Class Members who wish to object must provide written notice of their objection to Class Counsel by June 8, 2009.