Quebec · Winding-up (provincial)
Troisième rapport du liquidateur à la Cour (incluant annexes)
Court officer report · 5 December 2008 · French
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- cash on handnote: Additional sum held by the Liquidator 'en date des présentes' (report dated 2008-12-05), beyond amounts distributed or eligible for distribution, to pay potential creditor claims (est. $2,630,000), unpaid fees (Liquidator $161,122.08 and counsel $40,000 as at 2008-10-31) and a residual reserve of $2,168,877.92. · amount: 5000000 · currency: CAD
- operational summaryThe Liquidator has completed a first and a second interim distribution of residual fund monies to unitholders (about $70M potentially) and is holding a $5M reserve for creditors, fees and costs while handling ongoing litigation including the class action. It is asking the Court to tax and approve its fees, those of its counsel and the amicus curiae, former-employee salaries and operating expenses.
- professional feesnote: Fees exclude applicable sales taxes; direct disbursements of $49,233.02 separate. Other professionals: BLG (counsel to Liquidator) fees $910,354.50 plus disbursements $95,278.50 (2005-10-25 to 2008-05-31); Stikeman Elliott (amicus curiae) fees $461,736.05 plus disbursements $15,998.69 and BCF (amicus curiae) fees $151,402.50 plus disbursements $10,902.29 (to 2008-11-14), all plus applicable sales taxes. Para. 37 totals Liquidator fees and disbursements at $1,942,604.02 and counsel at $1,005,633.00. · party: Liquidateur (Ernst & Young Inc.) · amount: 1893371 · period: 2005-10-25 to 2008-05-31 · currency: CAD
- report date5 December 2008
- report noTROISIÈME RAPPORT DU LIQUIDATEUR À LA COUR