Ontario · CCAA
Thirty-Fourth Report of the Monitor
Court officer report · 16 October 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: (d) 90-95% of any net proceeds realized from the Remaining Estate Actions are payable to the Secured Noteholders pursuant to the terms of the Plan, 1 and the Secured Noteholders are kept apprised of the progress of the Remaining Estate Actions through regular updates by Litigation Counsel and the Litigation Trustee; and · pct of: unstated · outcome: distribution · pct low: 90 · pct high: 95 · class key: secured · stated by: monitor · class label: Secured Noteholders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Consumer Class Action Members (as defined in the Plan) are entitled to receive 10% of any net proceeds realized in respect of the Remaining Estate Actions against KPMG LLP and Canaccord Genuity Inc. up to an aggregate of $3,000,000 and, thereafter, 5% of any such proceeds in excess of $3,000,000. · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · stated by: monitor · amount high: 3000000 · class label: Consumer Class Action Members · interim final: unstated · conditional on: 10% of proceeds up to an aggregate of $3,000,000, thereafter 5% of proceeds in excess of $3,000,000 · claims qualifier: unstated · stated on: 2024-10-16 · table missing: