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Class Action Updates

March 10, 2017

The Ontario court has certified this action for settlement purposes against three additional groups of defendants: The Goldman Sachs Group, Inc., Goldman, Sachs & Co.,…

March 9, 2017

A Settlement Agreement has been reached with COMPANIA SUD AMERICANA DE VAPORES S.A. (“CSAV”). CSAV has agreed to pay CAD $450,000.00 for the benefit of…

March 8, 2017

Motions to approve LG and HannStar Settlement Agreements are scheduled for March 24 and April 11, 2017.

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Class Action FAQ

Q. What is a class action?

Generally, a class action is a legal proceeding brought by an individual on behalf of a group of individuals who have been similarly victimized by another party (usually a corporation). The individuals in the group are referred to as class members.  A class action brings together the claims of class members so that the Court can determine in one lawsuit, the common issues shared between members.

Q. What does this mean to me?

If this class action is certified and you are a member of the class, you will be entitled to participate in the Class Action and obtain the benefit of any ruling by the Court on the common issues. You will also benefit from sharing the expenses of pursuing the litigation with other class members.

If the action is successful against any or all of the defendants, you will be entitled to recover damages for any injuries you suffered or property you lost as a result of the accident.

If the action is not successful against any of the defendants, you will not be able to recover damages, yet you will also not be responsible for any of the costs or case expenses associated with the action.

Q. What does opting-out mean or what if I do not want to participate in the class action?

Any class members not wishing to participate must opt out of the class action by completed the Opt Out Form and sending the completed form to CFM. A class member who opts out of the class action is not bound by the results of the class action. Class members who opt out are solely responsible for pursuing their own claims including case expenses.

 

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