S. Forbes

The plaintiff brought a motion to certify a proposed class proceeding for settlement purposes and to approve a settlement agreement with certain defendants alleged to have participated in a conspiracy to fix prices in the cathode ray tube (CRT) industry.

The settlement provided for a payment of $4.15 million and additional non‑monetary cooperation.

The court held that the action met the certification requirements under s. 5(1) of the Class Proceedings Act, 1992 for settlement purposes and that the settlement was fair, reasonable, and in the best interests of the class.

The plaintiff also sought approval of contingency fees, disbursements, and taxes pursuant to the retainer agreement.

The court found the requested fees and disbursements reasonable given the complexity and risks of the litigation.

The representative plaintiff in a proposed class action alleging a price-fixing conspiracy in the Canadian aftermarket oil and air filter market sought court approval of a settlement resolving the litigation.

The settlement provided for payment of $350,000, subject to an opt-out threshold, with a distribution protocol requiring significant purchase thresholds for direct recovery and a cy-près allocation to a consumer organization for remaining funds.

The court considered the risks of continuing litigation, including evidentiary issues, uncertainty regarding proof of conspiracy and price impact, and the pending Supreme Court of Canada decision concerning indirect purchaser rights.

Concluding that the settlement represented a fair, reasonable, and pragmatic resolution given the litigation risks, the court approved both the settlement and the reduced contingency fee arrangement.