Ontario · NOI
Factum re Motion for Approval of Proposal returnable March 13, 2014
Application / notice of application · 11 March 2014
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 filing2 verified
- counselChaitons LLP
- recovery outcomeentries: basis: plan · quote: Preferred Claims: Preferred Claims, including amounts owing to the Company's employees and former employees that would be subject to Section 136(1)(d) of the BIA, are to be paid in full, without interest, in priority to Unsecured Creditor Claims, immediately following the Court Approval Date. · pct of: unstated · outcome: distribution · pct low: 100 · pct high: 100 · class key: preferred · stated by: proposal_trustee · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All employees will be granted RSUs equal to 30% of their Employee Claims, which is the same amount of consideration to be received by Affected Creditors. · pct of: unstated · outcome: distribution · pct low: 30 · pct high: 30 · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated · table missing: