Wednesday, 20 November 2024

The road from the vote to the Sanction Hearing

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