A Settlement Agreement was reached with Compania Sud Americana De Vapores S.A. (“CSAV”) in July, 2016. Under the terms of the Settlement Agreement CSAV agreed to pay CAD $450,000 for the benefit of Settlement Class Members and to provide co-operation to the Plaintiffs in pursuing their claims against the non-settling defendants. CSAV did not have any direct commerce to Canada of Vehicle Carrier Services during the relevant time period. The CSAV settlement had received the necessary court approvals.