Ontario · CCAA
Fourth Report of the Monitor
Court officer report · 30 March 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 filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 488.23 · quote: Average Hourly Rate: | col4: $488.23 · currency: · invoices: · firm text: FTI Consulting Canada Inc. · firm quote: FOURTH REPORT OF FTI CONSULTING CANADA INC., IN ITS CAP A CITY AS MONITOR OF THE APPLICANTS · context quote: FTI Consulting Canada Inc. ("FTI") was appointed as the Monitor of the Applicants (the "Monitor") in these CCAA proceedings; form: prose · rows: · money: approximate: false · period: end: 2015-02-28 · kind: unstated · quote: During the period from December to February Osler docketed · start: 2014-12-03 · approval: state: unstated · averages: rate: 545.57 · quote: *The average hourly rate for the legal services provided by Osler is | col6: $545.57 · scope: legal services provided by Osler · currency: · invoices: · firm text: Osler · firm quote: During the period from December to February Osler docketed · hours total: quote: Total: 262.70 · value: 262.7 · context quote: During the period from December to February Osler docketed
- recovery outcomeentries: basis: plan · quote: Equity Claimants shall not receive any distributions or other consideration under the Plan or otherwise recover anything in respect of their Equity Claims or Equity Interests · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Equity Claimants · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: the Secured Noteholders would likely suffer a significant shortfall in amounts owed to them if they were to enforce their security; · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Secured Noteholders · interim final: unstated · conditional on: if they were to enforce their security · claims qualifier: unstated; basis: liquidation_alternative · quote: there would likely be no value left to pay the Cline Group's unsecured creditors or the WARN Act Plaintiffs if the Secured Noteholders were to enforce their security; and · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Cline Group's unsecured creditors and the WARN Act Plaintiffs · interim final: unstated · conditional on: if the Secured Noteholders were to enforce their security · claims qualifier: unstated · stated on: 2015-03-25 · table missing: