Supreme Court rules against MTS Allstream in pension lawsuit

WINNIPEG - The Supreme Court of Canada has ruled against MTS Allstream in a pension dispute that originally dates back to 1997.The litigation was launched by a group of unions and retirees around a $43 million pension surplus that existed when the company was sold to the public in an equity offering in 1997. The company appealed the original court decision issued in January 2010 and the Manitoba Court of Appeal ruled in its favour in February 2012. The plaintiffs appealed that decision to the Supreme Court the following April.In a decision on Thursday, the Supreme Court reinstated the original lower court...