Quebec · Winding-up (provincial)
Quatrième rapport du liquidateur à la Cour
Court officer report · 20 October 2011 · 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
- disbursementsnote: Total gross distributions to unitholders: Liquidator $74,582,906.16 + FISF compensation $31,681,217.02 + Quebec revenue ministry (MRQ) distributions $10,836,709.96 + Class action settlement $55,000,000.00. Net total after class counsel fees: $160,478,246.40. As at 31 Aug 2011, distributions totalling $2,367,635 could not be made or were returned. · since: Since the liquidation (first distribution June 2006) through August 31, 2011 · amount: 172100833.14 · currency: CAD
- operational summaryThe Liquidator reports on distributions made to unitholders to date (Liquidator, FISF compensation, MRQ and class action settlement), with an average gross recovery of 91.7% of invested capital. Administration of the Lacroix and Norbourg company bankruptcies continues, and further sums are expected but their amount and timing are unknown.
- professional feesnote: Legal fees of the class action counsel, fixed by judgment of the Superior Court of Québec; fees of 20% of the amount shared by the non-Perfolio class members plus applicable sales taxes (so not a stated tax-exclusive figure). Fees of the Liquidator/Ernst & Young are not stated. · party: Class action counsel (procureurs du Recours Collectif) · amount: 11622586.74 · currency: CAD
- report date20 October 2011
- report noQuatrième rapport du liquidateur à la Cour