BC Rail Ltd.
A class action lawsuit has been filed against BC Rail Ltd. on behalf of hundreds of retired and deferred members of the BC Rail Pension Plan. The suit charges the company with a breach of fiduciary duties, and claims that it improperly allocated a $151.7 million Pension Fund surplus. The suit seeks to reallocate the surplus "impartially and even-handedly among all Plan members by granting the class members a proportionate share of the surplus in accordance with the actuarial liabilities which they represent."
