Lutheran Church – Canada, The Alberta – British Columbia District Investments Ltd.
CLASS PROCEEDINGS (BRITISH COLUMBIA AND ALBERTA)
Pursuant to the terms of the Amended Amended Plan of Compromise and Arrangement of the Lutheran Church – Canada, the Alberta-British Columbia District Investments Ltd. (“DIL”) dated January 11, 2016 and the DIL Subcommittee Order made on August 2, 2016 in the CCAA Proceedings, Sugden McFee & Roos LLP has been retained by the DIL Creditors’ Subcommittee to act as Representative Counsel on behalf of the DIL depositors who have suffered financial damages and losses arising from the insolvency of DIL.
Sugden McFee & Roos LLP has filed proposed class proceedings on behalf of the DIL depositors in both Alberta and British Columbia. Please click on the links below to read the Notice of Civil Claim filed in B.C. on December 20, 2016, and the Statement of Claim filed in Alberta on December 20, 2016.
By order of the Alberta Court of Queen’s Bench made on January 23, 2015, these proposed class proceedings actions are stayed (suspended) until the CCAA proceedings have been concluded by the filing of the Monitor’s Certificates. We will update this webpage when we are advised by the Monitor that this has occurred.
Update: October 25, 2017
By Order of Madame Justice Romaine made in the CCAA Proceedings on October 25, 2017, the stay (suspension) of the proposed class proceedings has been lifted and the proceedings may continue.
Update: October 15, 2021
re: Partial Settlement of the DIL Representative Action
The DIL Creditors’ Subcommittee, including the proposed Representative Plaintiffs in the proposed class proceedings (aka the “DIL Representative Actions”), have entered into an agreement to settle the claims of the Representative Class members against certain defendants. The settlement is subject to court approval, which will be sought in a hearing before Mr. Justice Rooke, ACJ of the Alberta Court of Queen’s Bench in Calgary, AB on November 25, 2021.
For more information about the settlement, to view settlement documents, and for Representative Class Members to access the Portal where confidential information about the settlement is shared, click here.