Distribution of Settlement Funds
On March 9, 2017, the court approved the payout of settlement funds to class members in stages. The first stage will be to pay out all claims to class members who are sole owners (company or individual) of the licensed vessel. The first stage includes approximately 80% of the class members who submitted a claim form. We anticipate cheques will be mailed out by the end of March for these claims.
The second stage will involve paying out settlement funds to the remainder of the class members, including joint owner claims, disputed claims, deceased claimant claims, and claims which have other issues with the submitted form. For those class members who fall within the second stage, you will be receiving correspondence from CFM within the next couple months detailing your claim and requesting further information if required.