Ontario · CCAA

The purpose of this Thirty-Ninth Report of the Monitor ("Thirty-Ninth Report") is to provide this Honourable Court with: (a) information about the process leading up to the settlement (the "Settlement") reached among the Applicants, the Monitor, the Former Employee Representatives ( on their own behalf and on behalf of the parties they represent), the LTD Employee Representative ( on her own behalf and on behalf of the parties she represents), the Former Employees' Representative Counsel, the LTD Beneficiaries' Representative Counsel and the CAW (the "Settlement Parties") regarding certain issues related to, among other things, the Applicants' registered Pension Plans, certain employee benefits for Pensioners and LTD Beneficiaries among others (the "Benefits") and certain employment related issues; (b) an update on the Settlement notice process approved by Order of this Honourable Court dated February 9, 2010 (the "Notice Procedure Order"); (c) information concerning the Benefits and the Applicants' Health and Welfare Trust (the "HWT") to the extent relevant, including the manner and nature of payments, and the Applicants' Pension Plans; (d) an analysis of the Settlement and related documentation and the impact on applicable stakeholders; (e) information related to the Applicants' financial capacity to fulfil the terms of the Settlement; and (f) the Monitor's recommendation for approval of the Settlement and the making of the Settlement Approval Order in substantially the form as submitted by the Applicants (the "Settlement Approval Order")

Court officer report · 18 February 2010