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Class Action Updates

March 24, 2020

اطلاعات راجع به ادعاهای جبران خسارت (به زبان فارسی) Compensation Claims Information (in English) CFM Lawyers is a Vancouver based aviation law firm. We act…

February 12, 2020

Settlements have been reached with all defendants in the Automotive Wire Harness Systems action. The Courts have approved a protocol for the distribution of the…

January 29, 2020

The British Columbia ODD class action has been certified on behalf of a national class.

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25. Why am I getting $500?

When the conversion happened, Teck Metals/Cominco put an amount of money into each claimant’s new DC plan account. This is called the initial account value, or IAV. One of the ways that Teck Metals/Cominco and Agrium encouraged people to convert was by being generous in the IAV amounts.

When we did the calculations described in FAQ#20, especially step (a), it became clear that claimants’ losses varied from no or very small losses to very large losses.

Class Counsel wanted to make sure that all claimants who lost money get something from the settlement funds. As a result anyone who does not fall in the $0 category (see FAQ#24 for an explanation) will get a minimum of $500.

Posted in: Questions About Sharing in the Settlement Funds (Distribution Protocol Questions), Teck/Cominco Class Action FAQs

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