LONDON, ON, July 28 /CNW/ - The law firm of Siskinds LLP today announced the conditional settlement of a class action filed in the Ontario Superior Court of Justice in February 1999 against certain defendants, including Hoechst Celanese Corporation. Celanese has agreed to pay up to $1 million to resolve the claims of class members related to the alleged unsuitability of pipes made from polybutylene, and pipe fittings made from acetal resin used in potable plumbing systems. The allegations have not been proven, and the court has not taken any position as to the truth or merits of the claims or defences asserted by either side. The Defendants deny the allegations and deny any wrongdoing or liability.
The settlement finally resolves the action pending before the Ontario court. Commenting on the settlement, Siskinds partner Michael Peerless said, "This is an excellent result for class members, and we look forward to moving ahead with the administration process in order for class members to receive compensation. We would like to commend the Defendants for putting this compensation program in place for Canadians."
The settlement remains conditional on approval by the Ontario Court of Justice. A formal hearing to approve the Settlement is currently scheduled for September 10, 2010 at 10 AM, at which time class members may, but are not required to, attend in court for the purposes of supporting or objecting to the proposed Settlement. Full details can be found on the Siskinds class action website, at www.classaction.ca. The Settlement also provides for the formal provision of notice to those affected by the Settlement under the supervision of the Courts. On court approval of the Settlement that notice will provide specific instructions as to how class members can file claims.
SOURCE Siskinds LLP
For further information: For further information: Megan Johnston, Siskinds LLP, 680 Waterloo Street, London, ON N6A 3V8, Tel: 519 672-2121 ext. 2409