On March 17, 2003, Slater Stainless Corp. requested a hearing regarding the Superintendent’s Notice of Proposal dated February 17, 2003, to make an order pursuant to section 88 of the Act, requiring the preparation of a new valuation report for the Pension Plan for Slater Stainless Corp. Members of the United Steel Workers of America (Local 7777), Registration Number 561464.

The pre-hearing conference scheduled for June 16, 2003 did not proceed since an Order was issued on June 2, 2003 by the Ontario Superior Court of Justice in relation to Slater Stainless Corp., pursuant to the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36.  The Order includes a stay of all proceedings.

Updated to May 31, 2006

On June 7, 2006, the Tribunal issued to the Applicant, a Notice of Intention to Dismiss the proceeding in accordance with Rule 37 of the Rules of Practice and Procedure for Proceedings Before the Financial Services Tribunal.  On July 13, 2006, the Tribunal dismissed the matter and issued a Notice of Dismissal.

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