Work is underway leading to the eventual distribution of settlement funds.
In late-November, 2008, TevlinGleadle appointed Canadian Western Bank (“CWB”) to act as trustee of the funds payable by Freightliner pursuant to the settlement.
Freightliner paid the settlement funds to CWB in early December, 2008.
TevlinGleadle has appointed Christie Consulting, a firm of consulting actuaries located in Vancouver, BC to complete the work necessary to distribute funds to those class members who are entitled to share in the settlement.
We have been working since early December with Mr. John Christie, of Christie Consulting, in an effort to obtain necessary factual information from Freightliner and its actuaries, Towers Perrin. Freightliner and its actuaries have considerable information as to pensioner’s service and earning histories, relevant personal circumstances, addresses, and past distributions, all of which is required to complete the distribution.
This is not a trivial exercise, in that access is required to information that is held by Freightliner and its actuaries, and must first be obtained and then organized, and analyzed, before individual entitlement can be determined.
We have encountered some challenges in obtaining necessary information but are working steadily toward the eventual goal, which will be a distibution.
It will be at least a number of months before distributions occur. No estimated distribution date is presently known.
Those interested in further information should check here for additional updates.
All persons who think they are entitled to share in the distribution should ensure TevlinGleadle has current contact information by emailing Rose Wong at Demner Constulting wst@demner.com.