Quebec · CCAA
Thirty-Seventh Report of the Monitor -dated December 7, 2022
Court officer report · 7 December 2022
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 filing5 verified
- cash on handnote: Undistributed Funds held by the Monitor: interest earned on the funds for distribution, reserves for litigious claims in the Chapter 11, and the Administration Charge of the Canadian Professionals. · amount: 15500000 · currency: CAD · qualifier: approximately
- operational summaryThe Monitor is holding undistributed funds pending final distribution at the end of the CCAA proceedings, and the stay is sought to be extended to June 16, 2023 to pursue the Carmack Litigation against CP in the US Chapter 11, with trial scheduled for February 27 to March 2, 2023.
- professional feesnote: Total incl. sales taxes; fees/disbursements before taxes 51,490 and sales taxes 7,711. By party (incl. taxes): Richter 36,704, Woods 14,951, Gowling WLG 7,545. Remaining Administration Charge to complete the CCAA is 218,063 incl. taxes; Monitor and its counsel also hold a $150,000 retainer to be applied to final invoices. · party: Canadian Professionals (Richter, Woods, Gowling WLG) · amount: 59200 · period: June 1, 2022 to November 30, 2022 · currency: CAD
- report date7 December 2022
- report noThirty-Seventh Report of the Monitor