Settlements with Law Firm Defendants and with FFCF/Gleeson Defendants

The Plaintiff has entered into settlements with the Law Firm Defendants, including Edwin C. Harris Q.C., and with the Funds for Canada Foundation, Mary-Lou Gleeson, Matt Gleeson and Gleeson Management Associates Inc. (the “FFCF/Gleeson Defendants”).  The settlement agreements are available here and here.

Both settlements remain subject to the Plaintiff obtaining court approval.  The motion for approval of the settlements is scheduled for October 17, 2013 and will be heard at the Court House, Toronto ON.

The settlement with the FFCF/Gleeson Defendants is for $950,000, and requires them to co-operate in the ongoing prosecution of the action by producing documents and giving evidence.

The settlement with the Law Firm Defendants is for a minimum of $23,130,789 and a maximum of $27,242,843. The Law Firm Defendants will also be obliged to produce documents and give evidence.

Once approved by the court, a notice with details of the motion for settlement approval will be sent to the last known address for all class members.

Updated Sept 20, 2013.