ERDC Wednesday General Meeting Reminder, and ERDC Disbandment

Dear ERDC (Electronic-Rights Defence Committee) members and supporters,

Just a few words to remind you that the Electronic-Rights Defence Committee will meet to disband at 7 p.m. Wednesday April 6, 2016 in the downstairs meeting room of the Atwater Library, Ave. Atwater and rue Tupper, near Metro Atwater.

Refreshments will be served, and pats on the back given and received.

Please let us know if you coming, if you haven’t already.

Mary Soderstrom
President

Jack Ruttan
Secretary

Notice of the FINAL Annual General Meeting of the Electronic Rights Defence Committee

Dear Friends,

It is with great pleasure that we invite you to the last meeting of the Electronic Rights Defence Committee (ERDC) at 7 p.m. Wednesday April 6 in the downstairs meeting room of the Atwater Library, 1200 Atwater, corner Tupper, Metro Atwater.

All the Postmedia stock has been distributed, but we need to meet once more to wind things up. This means passing a resolution to disband, approving the placement of a legal notice to this end, and raising a glass together to salute our work. There also will be a small amount of money left in our independent account, so a resolution will be proposed to split it 2/3 to TWUC and 1/3 to PWAC as a very partial repayment of the seed money they gave us way back when the class action was beginning.

Please let us know if you’ll be able to attend by sending at RSVP to this address (info@erdc.ca) before Monday, April 4. There will be things to eat and drink, so we need to know how many people to plan for.

Best wishes

Jack Ruttan, Secretary
Mary Soderstrom, President

UPDATE: ERDC Settlement and Postmedia Stock. Information for Class Action Claimants

The Electronic Rights Defence Committee saga is almost over! After study, a committee formed of ERDC executive members Tracey Arial, Julia Gedeon and Mary Soderstrom, have determined that 59 claimants in the ERDC’s class action against The Montreal Gazette and its various owners will divide 126,015 shares of Postmedia Canada Network Corp Class C Voting Shares. On August 24, 2015 stock transfer certificate requests were sent to Computershare, which has been holding the stock received in the settlement.

We would like to say that claimants will be able to translate the stock immediately into a lot of money, but unfortunately that isn’t the case.

At the time this is being written, the stock is trading at 37 cents a share, and there is very little activity. What will happen in the future is unclear, but it’s very certain that if everyone tries to unload the stock, its value will plummet. Indeed, it was to avoid surpressing the price that the ERDC decided not to try to sell all the stock it received in the settlement, but to make the pay-out to claimants in stock. To this end we also decided this spring not to sell the stock for less than $1 a share. We are suggesting that claimants consider doing likewise.

Here are things that claimants should know:

1. Since the stock is part of a settlement, they don’t need to pay tax on it.

2. If they realize a capital gain on it when they sell it, however, they will have to pay tax on that amount.

3. To manage this stock, claimants should consult a broker or contact one of the low-cost on-line brokerage firms like Questrade.

4. The claim and distribution process has been accomplished on a shoe string. We had estimates that it would cost $30 per claim, but in the end the total outlay has been about $200 for a post office box and clerical supplies, plus much volunteer work

5. To keep track of the stock’s value, here is a useful link: http://web.tmxmoney.com/quote.php?qm_symbol=PNC.A

Conrad Black also made some interesting criticisms of Postmedia and its recent performance in July:
http://www.theglobeandmail.com/report-on-business/postmedia-reports-wider-loss-as-advertising-circulation-revenues-weaken/article25386520/

And here’s an analysis of the situation from the Globe and Mail:
http://www.theglobeandmail.com/report-on-business/postmedia-faces-pivotal-moment/article26056170/

6. A short summary of the settlement and where it went.
Cash received: $83,210.27

The Fonds d’aide aux recours collectifs, the Quebec agency that provided seed money for the case, was due $85,090.05 for advances over the many years that the case took. The settlement money was used to pay that debt, topped up by $1,879.73 from the ERDC’s small independent bank account.

Under the ERDC’s agreement with its lawyers, they were entitled to $31,011.34. In an attempt to raise this money, 9,000 shares were sold between October 2014 and April 2015, netting $23,664.92. The shortfall was partly met by $252.84 from the ERDC’s small independent account and partly through the lawyers agreeing to accept additonal shares in lieu of cash.

Stock received: 189,479 shares of Postmedia Canada Network Corp Class C Voting Shares.

Of these, as noted above, 9000 were sold to raise cash. Under the ERDC’s agreement with its lawyers, they were entitled to 47,370 shares. They also agreed to accept 7094 additional shares in lieu of cash they were owed, so they will receive 54,464 shares.

This left 126,015 shares for distribution to the claimants.

Note about the ERDC’s independent bank account: this was money raised in fund raising campaigns early in the class action, and which has been spent very sparingly. Among the expenses: web hosting fees over the years and the clerical supplies necessary for the distribution process. If there is any money left when the distribution process if completed, class members will be consulted about what to do with it.

Mary Soderstrom, ERDC Chair
Jack Ruttan, ERDC Secretary

Report on the 2015 Annual General Meeting of the Electronic Rights Defence Committee

April 28, 2015
The Electronic Rights Defence Committee is working slowly but surely toward distribution of the Postmedia stock it received in settlement of its class action against The Gazette and the newspaper’s various owners. Fifty-seven claims representing 7185 articles were received in the six-month period during which freelancers who wrote for The Gazette between 1985 and 2010 could file claims.

A three-person committee composed of Tracey Arial, Julie Gedeon and Mary Soderstrom will be studying the claims. When it is clear just how many shares will be available for distribution, they will prepare the necessary distribution list.

As you will remember, in the various settlements the ERDC received 189,479 shares in PostMedia and $83,210.27 in cash. The $85,090.05 the ERDC owed the Fonds d’aide aux recours collectifs for seed money and initial work has been paid off with the $83,210.27 awarded in the settlement plus $1,879.73 from the ERDC’s small independent bank account. Now lawyers Me Mireille Goulet and Sylvestre, Fafard, Painchaud must be paid $23,917.76 they are owed plus the taxes they will have to pay on the 47,370 shares they are entitled to under our agreement.

To raise the necessary cash, the ERDC Executive has authorized the sale of some of the Postmedia shares. Last fall, 17,000 shares were transferred to a broker: sales had realized $16,858.69 as of March 31, 2015. Therefore more stock must be sold–how much will depend on the going price, which as of April 28 was 1 dollar a share.

At the meeting, Chair Mary Soderstrom, Treasurer Ron Diamond, Secretary Jack Ruttan as well as Members-at-large Tracey Arial, Ann Diamond, Julie Gedeon, and Stephanie O’Hanley agreed to serve another year.

Mary Soderstrom
ERDC Chair

Jack Ruttan
ERDC Secretary

ERDC: 2015 Annual General Meeting Convocation

The Electronic Rights Defence Committee (ERDC) will hold its 2015 Annual General Meeting at 3 p.m. Wednesday, April 8, 2015 in the offices of Sylvestre, Fafard & Painchaud, one part of our legal team. The address is 740 Atwater, Montreal.

(Just up the hill from the Lionel Groulx Metro station, and down the hill via Atwater Ave. from the Atwater Metro station.)

On the agenda will be a report on the distribution process of the Postmedia stock and money we received in the settlement of our class action against The Gazette and its various owners. The deadline for filing a claim was March 5, 2015, and we should have a good idea of the situation.

Jack Ruttan, Secretary
Mary Soderstrom, President

UPDATED – Electronic Rights Defence Committee Claim Period Is Coming to an End‏

Just a little more than a week remains for freelance writers to file claims in the Electronic Rights Defence Committee class action against The Gazette and the newspaper’s various owners. Claims must be postmarked by March 5, 2015. PLEASE SEND TO THE ADDRESS ON THE FORM AND NOT ELECTRONICALLY.

Claim forms are available at http://erdc.ca/?p=408. Freelance writers who wrote for The Gazette between 1985 and 2010 should fill one out if they want to take part in the distribution. Writers will receive shares of Postmedia A stock according to a point system that was approved at a special ERDC general meeting in 2012.

Claimants must list all freelance stories they wrote for The Gazette during the period covered by the class action. The on-line resource Canadian Newsstand (Proquest) may be helpful in doing this. It is available through many libraries including the Bibliothèque et archives nationales du Québec. To gain access to the collection by getting a free BAnQ card, consult http://www.banq.qc.ca/services/pret/carte/index.html.

For more information: http://www.erdc.ca

For specific questions:
info@erdc.ca

Source:
Mary Soderstrom
ERDC President

Jack Ruttan,
ERDC Secretary

Electronic Rights Defence Committee Claim Period Is Coming to an End

Just a little more than a month remains for freelance writers to file claims in the Electronic Rights Defence Committee class action against The Gazette and the newspaper’s various owners. Claims must be postmarked by March 5, 2015.

Claim forms are available at http://erdc.ca/?p=408. Freelance writers who wrote for The Gazette between 1985 and 2010 should fill one out if they want to take part in the distribution. Writers will receive shares of Postmedia A stock according to a point system that was approved at a special ERDC general meeting in 2012.

Claimants must list all freelance stories they wrote for The Gazette during the period covered by the class action. The on-line resource Canadian Newsstand (Proquest) may be helpful in doing this. It is available through many libraries including the Bibliothèque et archives nationales du Québec. To gain access to the collection by getting a free BAnQ card, consult http://www.banq.qc.ca/services/pret/carte/index.html.

In various settlements, the ERDC received 189,479 shares in PostMedia A stock and $83,210.27 in cash, all of which have been held in trust. In accordance with the Quebec Superior Court decision of September 5, 2014, the cash plus the proceeds of the sale of about 20,000 shares will be used to reimburse the Fonds d’aide aux recours collectifs (the Quebec agency which provided $86,999.35 in seed money for the class action,) and the ERDC lawyers, who are entitled to receive 25 per cent of cash and stock, plus taxes, under their agreements with the ERDC.

For more information: http://www.erdc.ca

For specific questions:
info@erdc.ca

Source:
Mary Soderstrom
ERDC President

Jack Ruttan,
ERDC Secretary

New Year’s Greetings! Three months left in which to file your ERDC claim.‏…

Very best wishes for a great 2015 from the Electronic Rights Defence
Committee.

Don’t forget that you have until March 6, 2015 to send in your claim in
our class action against The Gazette and its various owners. Here’s the
link to our website where you can download the proper forms.
http://erdc.ca/?p=408
Cheers,

Jack Ruttan, ERDC Secretary
Mary Soderstrom, ERDC President

Electronic Rights Defence Committee Starts Settlement Distribution Process

Electronic Rights Defence Committee Starts Settlement Distribution Process

Press Release: September 22, 2014

After more than 17 years of work and worry, the Electronic Rights Defence Committee has received the green light from Quebec Superior Court to distribute the fruits of its class action against The Gazette and the newspaper’s various owners.

Claim forms are now available at http://www.erdc.ca Freelance writers who wrote for The Gazette between 1985 and 2010 should fill one out if they want to take part in the distribution. Writers will receive shares of Postmedia A stock according to a point system that was approved at a special ERDC general meeting in 2012.

Claimants will have until March 5, 2015 to file, listing all freelance stories they wrote for The Gazette during the period covered by the class action. The on-line resource Canadian Newsstand (Proquest) may be helpful in doing this. It is available through many libraries including the Bibliothèque et archives nationales du Québec. To gain access to the collection by getting a free BAnQ card, consult http://www.banq.qc.ca/services/pret/carte/index.html.

In various settlements, the ERDC received 189,479 shares in PostMedia A stock and $83,210.27 in cash, all of which have been held in trust. In accordance with the Quebec Superior Court decision of September 5, 2014, the cash plus the proceeds of the sale of about 20,000 shares will be used to reimburse the Fonds d’aide aux recours collectifs (the Quebec agency which provided $86,999.35 in seed money for the class action,) and the ERDC lawyers, who are entitled to receive 25 per cent of cash and stock, plus taxes, under their agreements with the ERDC.

For more information: http://www.erdc.ca

For specific questions:
info@erdc.ca

Source:
Mary Soderstrom
ERDC President

Jack Ruttan,
ERDC Secretary

2014-09-05_Claim_Form(approved).pdf
2014-09-05_ERDC_Judgment.pdf
2014-09-05_Instructions_how_to_fill_the_Claim_Form(approved).pdf

2014-09-05_Plan_of_Distribution_of_Funds_received_in_Settlement(approved).pdf

Recours collectif contre The Gazette : début du processus de distribution des règlements

Communiqué: 22 septembre 2014

Après plus de 17 ans de travail et de trouble, le Comité de défense des droits électroniques (Electronic Rights Defence Committee «ERDC» ) vient de recevoir l’approbation de la Cour supérieure du Québec pour la distribution des fruits de son recours collectif contre The Gazette et les divers propriétaires du quotidien de Montréal.

Les formulaires pour faire une réclamation sont maintenant disponibles au site de l’ERDC http://www.erdc.ca. Les pigistes qui ont écrit pour The Gazette entre 1985 et 2010 doivent les remplir s’ils veulent participer dans la distribution. Les pigistes recevront des actions de Postmedia A selon un système de points qui a été approuvé lors d’une réunion générale spéciale de l’ERDC en 2012.

Les pigistes auront jusqu’au 5 mars 2015 pour déposer leurs réclamations, qui doivent inclure la liste de tous les articles qu’ils ont publié dans The Gazette pendant la période couverte par le recours collectif. La ressource en-ligne Canadian Newsstand (Proquest) pourrait être utile à cet effet. Elle est disponible dans plusieurs bibliothèques publiques incluant la Bibliothèque et archives nationales du Québec. Pour avoir accès à cette collection, vous pouvez obtenir une carte gratuite d’abonnement en consultant: http://www.banq.qc.ca/services/pret/carte/index.html.

En plusieurs règlements avec les défendeurs, l’ERDC a reçu 189 479 actions de Postmedia A et $ 83 210.27 qui jusqu’à maintenant sont en fiducie. En conformité avec la décision de la Cour supérieure du Québec du 5 septembre 2014, l’argent liquide déjà en banque et l’argent provenant de la vente d’environ 20 000 actions seront utilisés pour rembourser le Fonds d’aide aux recours collectifs (l’organisme provincial qui a fourni 86 999.35 $ pour entreprendre le recours collectif) et les avocats de l’ERDC qui, selon leurs contrats avec l’ERDC, ont droit à 25 pour cent de l’argent et des actions, plus les taxes, provenant des règlements avec les défendeurs.

Pour plus d’information: http://www.erdc.ca

Pour des questions spécifiques : info@erdc.ca

Mary Soderstrom, Présidente, ERDC

Jack Ruttan, Secrétaire, ERDC

2014-09-05_Formulaire_de_reclamation(approuve).pdf
2014-09-05_ERDC_Judgment.pdf
2014-09-05_Instructions_pour_le_formulaire_de_reclamation(approuvees).pdf

2014-09-05_Modalites_de_distribution_du_fonds_d’indemnisation(approuvees).pdf.pdf

More Draft ERDC Documents

Hello Everyone,

You’ll find below 5 more (3 in French, 2 in English) ERDC documents which have been prepared for the claim process and for settling with our lawyers. Please note that THESE ARE DRAFTS AND REQUIRE NO ACTION FROM YOU AT THIS TIME. We’re just keeping you in the loop.

We are moving forward, but slowly, slowly!

Best wishes

Mary Soderstrom,
ERDC President
Jack Ruttan,
ERDC Secretary

http://erdc.ca/Draft_ERDC_Plan_of_distribution.pdf

http://erdc.ca/Draft_ERDC_Claim_Form_.pdf

http://erdc.ca/Projet_de_Modalite_de_distribution_ERDC.pdf

http://erdc.ca/Draft_ERDC_Requete_en_approbation_des_honoraires.pdf

http://erdc.ca/Projet_de_Formulaire_de_reclamation_ERDC.pdf

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