Ontario · CCAA
Twentieth Report of the Monitor
Court officer report · 27 October 2015
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 filing1 verified
- recovery outcomeentries: basis: plan · quote: As shown in Schedule 'B', recovery for Secured Noteholders is expected to be approximately 5.3% excluding (i) any additional entitlement that a Secured Noteholder may have to the additional $8.9 million of recovery to be distributed to Secured Noteholders who relied on certain representations made by the Company during the period from January 24, 2012 to February 13, 2014 (which amount shall be distributed in accordance with the Plan of Allocation to be approved in the Securities Class Action, a copy of which is appended as Schedule D to the Plan) and (ii) any additional recoveries that may become available for Secured Noteholders in respect of estate recoveries on the Remaining Estate Actions following implementation of the Plan. · pct of: unstated · outcome: distribution · pct low: 5.3 · pct high: 5.3 · class key: secured · stated by: monitor · class label: Secured Noteholders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Unaffected Creditors, in respect of Unaffected Claims, are not entitled to vote on the Plan, attend the Meetings or receive any distributions under the Plan in respect of their Unaffected Claims. · pct of: unstated · outcome: nil · stated by: monitor · class label: Unaffected Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2015-10-27 · table missing: Attached as Schedule 'B' is a summary of the estimated recoveries pursuant to the Plan.