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Class Action Updates

November 27, 2020

On November 18, 2020, the BC Court certified a settlement class regarding a settlement entered into with Panasonic.  For details of the settlement approval hearings,…

November 25, 2020

A settlement was reached in February 2020. The settlement is subject to court approval. The notice to class members regarding certification and settlement is available…

November 23, 2020

Claims process for settlement funds – make a claim now. If you are a Canadian resident as of May 25, 2016 who, between December 23,…

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8. Why did you agree to this settlement?

As Class Counsel, we do not agree to a settlement – but we do recommend that clients agree to a settlement if we think it is a good idea.

As described in the answer to FAQ#7, the settlement amount is not “calculated” in the sense that most people would understand.

We recommended this settlement because:

  • the settlement amount of $4M (plus up to $300,000 to cover the expenses incurred on behalf of the class members in the course of the litigation) is within the range of reasonable outcomes at trial;
  • there were lots of risks if we had gone to trial (see FAQs #10-14), which means that while we might have gotten more after a trial, we might also have gotten much less or nothing at all; and
  • there is a benefit in getting the money sooner (now) instead of having to wait for the end of a trial and possible appeals (see FAQ#13).

Posted in: Questions about the Settlement Agreement, Teck/Cominco Class Action FAQs

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