Court File and Parties

CITATION: Target Canada Co. (Re), 2016 ONSC 1367

COURT FILE NO.: CV-15-10832-00CL

DATE: 2016-02-24

SUPERIOR COURT OF JUSTICE - ONTARIO

RE: IN THE MATTER OF THE COMPANIES’ CREDITORS ARRANGEMENT ACT, R.S.C., 1985, c. C-36, AS AMENDED

AND IN THE MATTER OF A PLAN OF COMPROMISE OR ARRANGEMENT OF TARGET CANADA CO., TARGET CANADA HEALTH CO., TARGET CANADA MOBILE GP CO., TARGET CANADA PHARMACY (BC) CORP., TARGET CANADA PHARMACY (ONTARIO) CORP., TARGET CANADA PHARMACY CORP., TARGET CANADA PHARMACY (SK) CORP., and TARGET CANADA PROPERTY LLC.

BEFORE: Regional Senior Justice Morawetz

COUNSEL: J. Dacks, T. Sandler, R. Carson and C. Jackson for Applicant J. Carfagnini, M. Wagner and J. Mighton, for Monitor J. Swartz for Target Corp. J. N. Birch for WMI-1 D. Chochle for Sobeys M.L. Solmon for Bowery R. Bengino for Centerbridge Partners LP W. Sasso and S. Strosberg (by phone), Pharmacist Representative Counsel

HEARD & ENDORSED: February 12, 2016

REASONS: February 24, 2016

Endorsement

[1] The motion was not opposed. Pharmacist representative counsel filed written submissions in support of the motion.

[2] Having reviewed these submissions as well as the Monitor’s submissions, I am satisfied that the requested relief should be granted.

[3] As noted by the Monitor, there is a benefit in having a streamlined process to identify and resolve common issues in dispute among pharmacist’s claims and an expeditious and efficient procedure to resolve such disputes.

[4] The modified fee arrangements are set out in the order and are clearly subject to court approval.

[5] The motion is granted and an order has been signed.

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Regional Senior Justice G.B. Morawetz

Date: February 24, 2016