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National Trust
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For more information call us at 1.800.451.3225 |
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Updated as at December 13, 2007:
Pour consulter cette page en français, veuillez
cliquez ici.
Your Committee is very pleased to report that at the settlement approval
hearing on December 13, 2007, the Superior Court of Justice issued an order
approving the surplus sharing proposal. To view a copy of the Order of Madam
Justice Lax approving the proposal, please
click here. To view a copy of the Endorsement of Madam Justice Lax,
please click
here. To view all previous updates, click on the Legal Updates link on
the left side of this page.
The opt-out period has elapsed (with no members opting out of the class
proceeding), and now that we have the order approved by the Court, the Surplus
Sharing Agreement negotiated between National Trust and the Sharing Group is
binding on all Members, but still must be approved by the Ontario
Superintendent of Financial Services prior to any payments being made.
Proceedings before the regulator must now be undertaken to obtain the necessary
approvals to allow for the distribution of surplus. We will keep you posted,
via website updates, on the progress of these applications.
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