The Class Action
This class action arose from the installation of Retrofoam in certain residential properties in Ontario under the EcoEnergy Retrofit Initiative-Homes Program.
The action was brought on behalf of the following class of people: all persons who owned or had an interest in real property when RetroFoam was injected or installed and who applied for a grant pursuant to the EcoEnergy Retrofit Initiative-Homes Program excluding the defendants, their subsidiaries, affiliates, shareholders officers, directors, senior employees and their heirs, predecessors, successors and assigns.
On August 12, 2015, a judge of the Ontario Superior Court of Justice approved the settlement.
Pursuant to this settlement, the defendants would pay the sum of $13,000,000 in return for a release and a dismissal of the class action. After the payment of all court-approved expenses, a fund of approximately $7,612,000 was set up for equal division among the owners of the RetroFoam properties.
A copy of the Judgment and Distribution Plan, may be downloaded from the Documents page of this website.
Administering the Settlement
On August 12, 2015, Marsh Risk Consulting (Canada) was appointed Administrator of the RetroFoam settlement.