Notice of Settlement

It was alleged that the developer of the condominium building underestimated the first year annual budget, resulting in increased maintenance fees, loss of services and financial losses. A lawsuit was commenced in the Superior Court of Justice on behalf of all purchasers of condominium units in the project. The Defendants denied liability.

By Order of Madam Justice Horkins, dated April 15, 2011, the settlement of the class proceeding was approved.

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Notice of Settlement