Atlas Cold Storage settlement approved

Jan. 1, 2009
Ontario's Superior Court of Justice has approved a $40 million (Canadian) settlement in the Atlas Cold Storage Income Trust class action. Begun in 2004,

Ontario's Superior Court of Justice has approved a $40 million (Canadian) settlement in the Atlas Cold Storage Income Trust class action. Begun in 2004, the class action alleges that financial statements of Atlas Cold Storage Income Trust were misrepresented.

As part of this settlement, defendants will pay CDN $40 million to class members in return for releases and the dismissal of the class action. The defendants do not admit to any wrongdoing or liability.

Access www.strosbergco.com/atlas for details of the settlement.

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!