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Most actively traded companies on the Toronto Stock Exchange | iNFOnews | Thompson-Okanagan s News Source

Most actively traded companies on the Toronto Stock Exchange | iNFOnews | Thompson-Okanagan s News Source
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DavidsTea creditors approve plan to split $18M owed by insolvent beverage company

DavidsTea creditors approve plan to split $18M

Hydro-Québec pays $18 million to settle 11-year-old class action suit

Article content Hydro-Québec will pay $18 million to settle a class action suit launched more than a decade ago concerning late payment fees charged to some customers between 2008 and 2010. An agreement to settle is expected to be approved in Quebec Superior Court on May 31. We apologize, but this video has failed to load. Try refreshing your browser, or Hydro-Québec pays $18 million to settle 11-year-old class-action suit Back to video If the plaintiffs had won their suit in court, the final settlement, with legal fees and interest, could have reached $100 million, the utility said. “Despite the fact we maintain our practices conformed with the law, we took the decision to conclude an agreement in order to reduce financial risk,” Hydro-Québec spokesperson Cendrix Bouchard said in a statement.

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