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The first settlement has been reached in the Vehicle Carrier Services Class Action

The rights of Persons in Canada who paid to ship a car or other vehicle from an overseas location to Canada between February 1, 1997 and December 31, 2012 could be affected

LONDON, ON, March 11, 2017 /CNW/ - The first settlement in the "Vehicle Carrier Services Class Action" has been reached. The Plaintiffs in the Vehicle Carrier Services Class Action allege that among other things, the Defendants were involved in a price fixing conspiracy where consumers were overcharged for Vehicle Carrier Services when shipping vehicles by RoRo from overseas. A "RoRo" is a type of ocean vessel that allows wheeled vehicles to be driven on and off the vessel and parked on its decks for ocean transport.

The Settlement

A Settlement Agreement has been reached with Compania Sud Americana de Vapores S.A. ("CSAV") which is one of 20 Defendants involved in this action. CSAV has agreed to pay CAD $450,000.00 and to provide co-operation to the Plaintiffs in pursuing their claims against the remaining Defendants. Notably, CSAV is a Chilean company that did not have any direct commerce with respect to Vehicle Carrier Services in Canada during the class period. CSAV and related entities will be provided with a full release of claims against them in relation to the Vehicle Carrier Services Class Action. CSAV does not admit any wrongdoing in connection with the case.

Settlement Funds

The Settlement Fund will not be distributed to Class Members at this time as the litigation is ongoing against the other Defendants.

The Settlement must be approved by the Courts for it to be effective.

Class Members can comment on or object to the Settlement but need to do so by May 1, 2017. More information on how to do this can be found at www.roroclassaction.com and www.actioncollectiveroro.com.

Opting-Out

The matter has been certified for settlement purposes against CSAV, which means that Class Members now have the opportunity to opt-out of the class action if they do not wish to be bound by the result. If you do not want to be a class member you must opt-out by May 10, 2017. Class members who opt-out will not be able to participate in this or any future settlement or judgment. It is not possible to opt back in. If class members do not opt-out now, they will be bound by this and any other future settlements or judgment. A class member cannot opt-out later on.

The Lawyers representing Class Members

Harrison Pensa LLP (Attention: Jonathan Foreman) represents Class Members in Ontario and in all provinces other than British Columbia and Québec.

Camp Fiorante Matthews Mogerman (Attention: David G.A. Jones) represents Class Members in British Columbia.

Belleau Lapointe, s.e.n.c.r.l. (Attention: Maxime Nasr) represents Class Members in Québec.

For more information and updates on this case, visit www.roroclassaction.com or www.actioncollectiveroro.com.