Quebec · CCAA
Thirtieth Report of the Monitor – dated June 4, 2019
Court officer report · 4 June 2019
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 filing6 verified
- cash on handnote: Held by the Monitor in addition to funds held for the Province (distribution pending $98,060,399 as of May 31, 2019); primarily the $10 million Chapter 11 litigation reserve, approximately $5.9 million of interest earned, and other reserves. · amount: 17000000 · currency: CAD · qualifier: approximately
- disbursementsnote: Total distributions paid to claimants as of May 31, 2019, before deduction of claimants' attorney fees; a further $98,060,399 distribution is pending for the Province, for a total of $417,496,639. · amount: 319436240 · currency: CAD
- operational summaryMMAC remains in CCAA proceedings with the Monitor administering distributions to claimants; the Province's reduced final claim is under discussion, and Chapter 11 litigation continues, so a stay extension to December 12, 2019 is sought.
- professional feesnote: Total including sales taxes; fees/disbursements before taxes are $52,106 plus $7,802 sales taxes. Richter $42,915, Woods $3,978, Gowling WLG $13,015 (each incl. taxes; individual figures as listed sum slightly differently due to rounding in the source table). Balance of the Administration Charge to complete the CCAA is $545,345 incl. taxes; Monitor and counsel also retain a $150,000 retainer. · party: Richter (Monitor), Woods and Gowling WLG (counsel) · amount: 59909 · period: November 1, 2018 to May 31, 2019 · currency: CAD
- report date4 June 2019
- report noThirtieth Report of the Monitor