We have received the final report from our actuaries, who have distributed all but a small amount of settlement funds and are unable to find any more beneficiaries in any practical way. Therefore, we have today instructed Canadian Western Trust, the trustee, to pay all outstanding accounts and send a cheque for the balance to … Continued
The actuaries have made considerable efforts to distribute settlement funds to eligible class members. The plan of distribution approved by the court directs that funds that cannot be distributed are to be given to a named charity, the United Way of the Central and South Okanagan. This will, in a few instances, involve funds that … Continued
We have received the Judgment of the BC Supreme court which refused to certify the BCMA Class Action. The BCMA successfully argued that the BCMA is in the legal position of a Trade Union, and the agreements between the Government and BCMA allow the BCMA to impose mandatory dues, analogous to Union Dues. They are … Continued
Settlement funds and have now been completely distributed by ordinary mail to the persons identified in the Order approving the Settlement of the class proceeding. Our work on behalf of the class is therefore concluded.
The BC Supreme Court approved settlement of the Catalyst benefit rollback class action. The recent CCAA proceedings initiated by Catalyst created a situation where the class proceeding was uneconomic to continue, and the amount recovered in the settlement was only slightly more than each class member could have achieved in the bankruptcy. A copy of … Continued
We thank you for the many inquiries about this matter and this is an update. Unfortunately we have had no word from the Court on the outcome of this matter. There are no rules governing timing of judicial response. TevlinGleadle argued the Certification Application in the BCSC in November, 2011. The Judge reserved his judgment … Continued
Catalyst and Darryl Somerville, class representative, have settled the class action for the all-inclusive sum of $69,014, subject to court approval. This is a substantially smaller sum than was sought in the class proceeding, but the maximum amount that TevlinGleadle was able to negotiate in the circumstances, where the Company has successfully completed its reorganization … Continued
The actuaries have given instructions to Canadian Western Trust, who have managed the trust funds, as to the identity of beneficiaries to whom the second (and final) distribution will be made. It is understood that the cheques will be mailed on October 5th, or perhaps if delayed, during the following week.
The actuaries have prepared an updated report on the distrubution of the remaining funds. Actuarial Report September 20, 2012 The actuaries will be authorizing the Trustee to send out cheques next week and they will monitor the returns in an attempt to ensure that everyone gets their fair share of the total settlement proceeds.
The actuaries have advised that a mailout of cheques is expected to occur this month.
I was fortunate to be referred to Tevlin Gleadle Curtis upon the surprising termination of my employment. During a very stressful time, their systematic and balanced approach provided the clarity and options essential to move a personally demanding process forward. Their effort and quick reaction times resulted in a court appearance four months post dismissal and a favourable judgement one an half months later.