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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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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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