This week parties agreed on a timetable for the next steps in deciding the outcome of the proposed tobacco settlement.
At the end of January, Justice Morawetz will hear arguments in favour or against the fairness and reasonableness of the settlement (the Sanction), the fees that will be paid to some lawyers, and other issues. As the timetable pasted below indicates, there are a few stations of the cross before that blessing will be decided.
Tobacco CCAA Proceedings: Litigation Timeline to Sanction Hearing
Thurs., Dec. 12
- Meetings of Affected Creditors
Fri., Dec. 13
- Notice of Motion for Sanction Protocol Orders filed
- Monitors’ Reports for Sanction Protocol Orders and reporting on voting
results from the Meetings
Mon., Dec. 16
- Responding Records to Motion for Sanction Protocol Orders, if any
Wed., Dec. 18
- Factum of the Monitors for Sanction Protocol Motion
Thurs, Dec. 19
- Responding Factums to Sanction Protocol Motion, if any
Fri., Dec. 20
- Reply Factum of the Monitors, if necessary
Mon., Dec. 23 Sanction Protocol Hearing
Mon., Jan. 13
- Each Class Counsel files a notice of motion and supporting materials for
fee approval (to be heard at the end of the Sanction Hearing)
Wed., Jan. 15
- Notices of Motion for Stay Extensions (to be heard on the last day of the
Sanction Hearing) - Notice of motion for Plan Sanction Orders, CCAA Plan Administrators’
Orders and Monitors’ (and Counsel) Fee Approval - Monitors’ Reports re: Plan Sanction Orders, CCAA Plan Administrators’
Orders, and Monitors’ (and Counsel) Fee Approval
Thurs., Jan. 16
- Responding Records to Class Counsel fees
Mon., Jan. 20
- Responding Records to Motion for Sanction Orders, CCAA Plan
Administrators’ Orders, and Monitors’ (and Counsel) Fee Approval - Responding Records to Motion for Stay Extension
Wed., Jan. 22
- Factum for Plan Sanction Order, CCAA Plan Administrators’ Order, and
Monitors’ (and Counsel) Fee Approval - Factums for Stay Extension Orders
- Monitors’ Reports re: Stay Extensions
- Factums in support of Class Counsel fees
Fri., Jan. 24
- Responding Factums for Motion for Plan Sanction Orders, CCAA Plan
Administrators’ Orders, and Monitors’ (and Counsel) Fee Approval - Responding Factums for Motion for Class Counsel fees
- Responding Factums for Motion for Stay Extension
Mon., Jan. 27
- Reply Factum of the Monitors for Plan Sanction Orders, CCAA Plan
Administrators’ Orders, and Monitors’ (and Counsel) Fee Approval, if
necessary - Reply Factum of Class Counsel re Fee Approval, if necessary
- Reply Factums for Stay Extension Orders, if necessary
Wed.-Fri., Jan. 29-31
- Sanction/Fee Approval/Stay Extension/Ancillary Relief Hearing