Manitoba Telecom pension lawsuit moves to Supreme Court

WINNIPEG - The Supreme Court of Canada has agreed to hear arguments over a lawsuit regarding one of Manitoba Telecom Services Inc.'s (MTS) pension plans in Manitoba. The litigation was brought forward by a group of plaintiffs comprised of unions and pensioners concerning events that transpired in 1997 when the Manitoba Progressive Conservative government of the day privatized MTS by offering shares to the public in 1997. In February 2012, a panel of three judges on the Manitoba Court of Appeal unanimously agreed with the company and dismissed all of the plaintiff's claims. Manitoba's highest court of appeal set aside...