Ontario · CCAA
Fourth Report of the Monitor
Court officer report · 9 May 2025
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What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: approximate: false · period: end: 2025-04-26 · kind: invoice · label: A&M Application Period · quote: the period from January 7, 2025 to April 26, 2025 (the ' A&M Application Period ') · start: 2025-01-07 · approval: quote: approving the fees and disbursements of the Monitor and its legal counsel, Goodmans LLP (' Goodmans '), as set forth in this Fourth Report · state: sought · averages: · currency: · invoices: · firm text: Alvarez & Marsal Canada Inc. · firm quote: Alvarez & Marsal Canada Inc. (' A&M ') as monitor in the CCAA Proceedings · context quote: Attached hereto as Exhibit 'A' are copies of the invoices rendered by A&M (the ' A&M Accounts ') in respect of this matter for the period from January 7, 2025 to April 26, 2025 (the ' A&M Application Period ').; form: invoice_listing · rows: · money: approximate: false · period: end: 2025-04-26 · kind: invoice · label: Application Period · quote: during the Application Period, at an average hourly rate of $1,020.18 · start: 2025-01-07 · approval: quote: approving the fees and disbursements of the Monitor and its legal counsel, Goodmans LLP (' Goodmans '), as set forth in this Fourth Report · state: sought · averages: rate: 1020.18 · quote: Average Hourly Rate ( $ Billed / Hours Billed ) $1,020.18 · currency: · invoices: · firm text: Goodmans LLP · firm quote: its legal counsel, Goodmans LLP (' Goodmans ') · hours total: quote: Goodmans expended a total of 423.90 hours in connection with this matter during the Application Period · value: 423.9 · context quote: As shown in the summary, Goodmans expended a total of 423.90 hours in connection with this matter during the Application Period, at an average hourly rate of $1,020.18.
- recovery outcomeentries: basis: unstated · quote: While the Terminated Employees were (or, in some cases, will be) paid all base pay earned for services performed and accrued vacation pay owing to them up to their respective termination dates, many of the Terminated Employees have unsecured claims for statutory termination and/or severance pay for which there will be no recovery in the CCAA Proceedings. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Terminated Employees (unsecured claims for statutory termination and/or severance pay) · interim final: unstated · claims qualifier: unstated · stated on: 2025-05-09 · table missing: