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Class Action Updates

July 10, 2018

Class Counsel attended before the BC Court on June 25, 2018 for the application to approve settlements with National Bank, Visa and Mastercard and are…

June 21, 2018

On June 15, 2018, the court approved an order finalizing the distribution of settlement funds in this class action. The settlement distribution has now been…

May 15, 2018

Settlements totaling $290,000 were reached with Trillium Health Care Products Inc., Vita Health Products Inc. and Procter & Gamble Inc. The settlement funds were used…

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5. Why is this lawsuit a class action?

This lawsuit is a class action because that way the claims of many people can be resolved together in an efficient way.

In a class action, “representative plaintiffs” or “class representatives” sue on behalf of all “class members” or the “class”. In this class action, it was alleged that all class members converted the pension plans and lost money as a result. This group is the “class” and is composed of “class members”.

Jim Weldon and Len Bleier are the “representative plaintiffs.” This means they represent all class members and run the lawsuit on their behalf. See FAQs #40 & 41 for more information.

A class action allows the courts to resolve the issues for all class members affected, except for those who choose to exclude themselves (opt out) from the class.

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

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