Kidd v. Canada Life - Case sends message about judicial discretion
What happens when basic assumptions underlying a class action settlement turn out to be incorrect following settlement approval? The court approved the settlement. But soon after, it became evident that the actuarial value of the surplus had declined.
Kidd represents the high-water mark for judicial discretion in approving class action settlements, says Brian Radoff.
Law Times Article: Kidd v Canada Life-Case sends message about judicial discretion