CEF: Wherefor Art Thou Luke Pt II.

When I learn something, I'll post it here. Well, I've learned something. "Luke" is on holidays, he's expected to be away for two more weeks, and nobody else can check the file to see where things are. The Calgary office has also been getting peppered with calls. I wonder why? 🙂

CEF: Wherefor Art Thou Luke?

In the previous article I wrote about the lack of activity on the Monitor website pertaining to the ABC District CCAA case. I didn't get a callback in the morning so I called Deloitte again and got routed to voicemail. Not satisfied with leaving another message I called the switchboard to learned what I could...

CEF: The Number You Have Called Is Not In Service

Back in September 28, 2019 I posted an article "CEF: Update from Deloitte" which posited that the Tuscany property had been sold, a distribution was waiting for court approval, with the expectation the distribution would be out the door sometime in Nov 2019. Fast forward to Jan 2020. The Deloitte insolvency website hasn't been updated with...

CEF Representative Action: Higgerty Law Update – Dec 9, 2019

Now that the CCAA process is almost done, the folks at Higgerty Law have been moving the CEF Representative Action case forward, and they recently published the following update to their CEF page. December 9, 2019 A third case management meeting occurred on December 5, 2019 at our initiation wherein most notably the Scheduling Order...

CEF Representative Action: Higgerty Law Update Nov 6, 2019

Higgerty Law is counsel for the Representative Action, and today they updated their Representative Action web page with the following notice: The second case management meeting happened on October 22, 2019, and we are currently working on finalizing the Scheduling Order. US Legal describes a scheduling order as: Scheduling orders are part of case management, which...

ABC District BOD Letter to Members Regarding the ASC Settlement

I've just received a copy of a letter the post-restructured ABC District BOD sent to the membership about the LCC - ASC Settlement. The original copy of the letter is here and my backup copy is here. The copy I have is a graphical image so I typed the letter contents in this blog post by hand -...

Higgerty Law Weighs in On LCC – ASC Settlement

Higgerty Law represents that CEF depositors in their representative action against the various respondents to the ABC District CEF implosion. Today they posted the following statement to their Lutheran Church Representative Actions web page in response to the LCC ABC District - ASC Settlement. September 17, 2019 The hearing by Alberta Securities Commission (the “ASC”)...

LCC CEF ASC Hearing “adjourned sine die”

This afternoon the LCC CEF entry on the ASC "status of current proceedings" page was updated with the status "adjourned sine die".  According to Wikipedia that means Adjournment sine die (from the Latin "without day") means "without assigning a day for a further meeting or hearing". To adjourn an assembly sine die is to adjourn it for an indefinite period. A legislative body adjourns...

The Encharis et al vs ASC Petition

  While the ASC hearing is approaching, the court date for Encharis and others v ASC in the Alberta Court of Queens Bench is also approaching. In the Encharis case the representative action respondents are petitioning the court to put the ASC hearing on hold until the representative action is concluded which could delay the ASC...

CEF Representative Action Update: Aug 7, 2019

The Higgerty Law Lutheran Church Representative Actions page has replaced Aug 6, 2019 update. The change is largely one of rephrasing Aug 6, 2019 update. August 6, 2019 We have filed and served the materials for the hearing to apply for certification of the Lutheran-CEF Alberta Class Action. A case management meeting with the Case Management...