Info class action

Case settled

Polychloroprene

Option Consommateurs has filed a Motion for authorization to institute a class action on behalf of any person who, in Quebec, has purchased polychloroprene (PCP) and has paid an inflated price as a result of an agreement aimed at fixing the price of PCP. The Motion alleges, among other things, that certain manufacturers of this product have conspired in order to unduly restrict competition and to unreasonably increase the price of PCP.

In November 2005, the Honourable Pierre Tessier, j.s.c., approved the partial settlement of this class action against certain Respondents and, in May 2007, the Honourable Jean-Pierre Chrétien, j.s.c., approved the settlement of this class action against the remaining Respondents. These settlement agreements state, among other things, that the class will be able to benefit from a fund established by the Respondents and totaling more than 1.2 million dollars.

Since the period to file claims has expired, this case is now closed.

This class action is lead by Belleau Lapointe, LLP.

Chronology

May 2007

The Superior Court of Quebec approves the settlement.

March 2007

The Superior Court approves a notice regarding the conclusion of two agreements in principle.  If approved, those agreements will end this litigation.

December 2005

The Honourable Pierre Tessier, j.s.c., approves a partial settlement with certain Respondents.

November 2005

The Honourable Pierre Tessier, j.s.c., authorizes the class action against certain Respondents for the purposes of settlement.

Year 2005

The file is suspended by administrative decision pending a decision by the Court of Appeal of Quebec in another case.

February 2005

Filing of the Motion for authorization to institute a class action.