January 4, 2011
Now that all necessary court approvals have been obtained, the claims administrator will shortly be in a position to distribute funds to claimants in this proceeding, pending the resolution of an appeal to the Court regarding the claims administrator’s disallowance of a claim. Under the judgment approving the settlement agreement, class members whose claims have been entirely disallowed are permitted to appeal their disallowance.
The Court has set a deadline for the filing of submissions by the appellant of January 21, 2011, with responding submissions on behalf of the claims adminstrator due by February 4, 2011. Once the outcome of the appeal has been determined, the claims administrator will be in a position to issue cheques to qualifying class members.