The board of trustees of the Participating Co-Operatives of Ontario Trustee Pension Plan filed an application before the Divisional Court under Rule 14 of the Rules of Civil Procedure, the Pension Benefits Act and the Trustees Act for the appointment of replacement trustees or an administrator and a declaration discharging the current Trustees. The application was initially scheduled to be heard on February 3, 2005 but was rescheduled to February 8, 2005 at which time the hearing was adjourned pending a settlement conference.
Updated on May 26, 2006
The application is before the Superior Court of Ontario, not the Divisional Court of Ontario.
Updated on November 30 , 2006
Although the app was never formally withdrawn, the trustees resigned as part of a global settlement related to the wind-up of the plan. Therefore, the litigation is now moot.
Updated March 30, 2010