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Canadian Instrumentarium Settlement

Canadian Instrumentarium Settlement

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Posted by Holbie on June 05, 2000 at 15:01:26:

I finally received a cheque from my lawyer in settlement of my part of the class action brought against Instrumentarium. I am very disappointed in the amount.
It is not even close in proportion to the Methodist class action settlement.
I stumbled upon the official court document outlining settlement, etc in the BC suit. According to it there is to be close to $10,000,000 in the fund. It goes on to say that $8,750,000 + interest will initially be given out to the members. $1,000,000 will be held back, to take care of any appeals, for 3 years. After the 3 years $500,000 is to be distributed to the class members. After an additional 3 years any funds remaining will be distributed to the class members.
The letter from my lawyer states that all is now closed on the instrumentarium case. This letter contradicts what the court document says.
I'd love to hear from anyone else who took part in the Instrumentarium Class Action.


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