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Class Action Updates

February 14, 2018

Settlements have been reached with the TEAC, NEC and Hitachi-LG Defendants.

January 5, 2018

The trial phase of this action has commenced. The parties have agreed to a modified trial structure where the cases-in-chief will be exchanged in writing,…

November 7, 2017

Settlements have been reached with the defendants in the following actions: Automotive Wire Harness Systems: Yazaki Systems Technologies GmbH (formerly S-Y Systems Technologies Europe, GmbH)…

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INFORMATION FOR LAWYERS LOOKING FOR LEGAL EXPERTISE IN BC AND CANADA

1. What is this lawsuit about?

This lawsuit is about a pension conversion that Cominco (now Teck Metals) did for certain employees in 1992/1993. Some employees converted their pension plan from a defined benefit plan to a defined contribution plan. The lawsuit claims that Teck Metals/Cominco and Towers (the actuaries hired to help Cominco/Teck Metals) used false statements to encourage people to convert their pension, and that as a result people lost money.

Posted in: General Questions About the Lawsuit, Teck/Cominco Class Action FAQs

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