Ontario · Foreign recognition (CCAA)
Seventh Report of the Information Officer dated November 26, 2025
Court officer report · 26 November 2025
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: Canadian claimants, including those whose contracts are not assumed, that hold Allowed Other General Unsecured Claims will be entitled to receive a pro rata distribution from the GUC Trust which is expected to receive US$2 million and 1.80% of any litigation proceeds received by the GUC Trust. · pct of: unstated · outcome: distribution · currency: USD · class key: unsecured · stated by: monitor · amount low: 2000000 · amount high: 2000000 · class label: Canadian claimants that hold Allowed Other General Unsecured Claims · interim final: unstated · conditional on: pro rata distribution from the GUC Trust, which is also expected to receive 1.80% of any litigation proceeds · currency quote: US$2 million · claims qualifier: unstated; basis: plan · quote: Canadians with Allowed PI Opioid Claims (which comprises personal injury claimants, including the Quebec Plaintiff) will be entitled to a pro rata distribution from the PI Trust, which PI Trust is expected to receive approximately 44.5% of the US$119.7 million of PPOC Trust Consideration to be paid over two years (or, under a prepayment option, US$89.7 million if paid in full on the Effective Date of the Plan, which the Information Officer understands was exercised). · pct of: unstated · outcome: distribution · currency: USD · class key: unsecured · stated by: monitor · amount low: 89700000 · amount high: 119700000 · class label: Canadians with Allowed PI Opioid Claims · interim final: unstated · conditional on: pro rata distribution from the PI Trust, which is expected to receive approximately 44.5% of the PPOC Trust Consideration, paid over two years or US$89.7 million if prepaid on the Effective Date · currency quote: US$119.7 million · claims qualifier: unstated; basis: plan · quote: the Canadian Provinces will be entitled to participate in the Canadian Provinces Trust, receiving their proportionate share of up to US$7.25 million paid over 10 years (or US$4.3 million if paid in full on the Effective Date of the Plan); · pct of: unstated · outcome: distribution · currency: USD · class key: unsecured · stated by: monitor · amount low: 4300000 · amount high: 7250000 · class label: the Canadian Provinces · interim final: unstated · conditional on: proportionate share of the Canadian Provinces Trust, paid over 10 years (or US$4.3 million if paid in full on the Effective Date) · currency quote: US$7.25 million · claims qualifier: unstated; basis: plan · quote: Canadian First Nations and Canadian Municipalities with Allowed Other Opioid Claims will have their respective claims channeled to the Other Opioid Claims Trust, which will be funded with up to the maximum amount of US$200,000; · pct of: unstated · outcome: distribution · currency: USD · class key: unsecured · stated by: monitor · amount high: 200000 · class label: Canadian First Nations and Canadian Municipalities with Allowed Other Opioid Claims · interim final: unstated · conditional on: claims channeled to the Other Opioid Claims Trust, funded up to the maximum amount of US$200,000 · currency quote: US$200,000 · claims qualifier: unstated · stated on: 2025-11-26 · table missing: