MTS Allstream to appeal ruling in pension lawsuit

WINNIPEG – It appears to be both good news and bad news for MTS Allstream after a Manitoba court ruled on a lawsuit regarding the 1997 initial funding, ongoing surplus and governance of the company’s pension plan.In its decision, the Court upheld the governance of the pension plan and affirmed MTS Allstream’s position with respect to the issue of ongoing surplus, and the company said that it will not make changes to its future ongoing funding requirements and administration of the plan as a result. However, the Court also ruled that MTS was obligated to make a $43 million one-time...