National Post: "Charities hit jackpot in lawsuit
Vitamin makers offer $132M to settle actions
Theresa Tedesco
National Post
December 11, 2004
A group of 14 major international vitamin manufacturers have agreed to pay $132.2-million -- the largest settlement of its kind ever in Canada -- to end class-action lawsuits in connection with a price-fixing scheme.
If approved, the settlement would pay at least $22-million to dozens of charities, trade associations and universities across the country. The Victorian Order of Nurses, for example, would be eligible for more than $2-million.
The distribution of settlement funds to charities and non-profit food groups is highly unusual in Canada."
No comments:
Post a Comment