Tag: Tyler

Sears Canada employees and pensioners say the 529 million spent on insolvency

TORONTO — Sears Canada pensioners, former and current employees say the nearly $52.9 million in professional fees paid by the shuttered retailer during the insolvency process is alarming and concerning, their lawyers told an Ontario court today, noting they reserve the right to challenge them at a later date.Andrew Hatnay, a lawyer representing Sears pensioners, told Justice Glenn Hainey that his clients are concerned about the breadth of the fees. Susan Ursel, a lawyer representing current and former employees, echoed a similar sentiment.Sears Canada closed its remaining stores on Jan. 14, after filing for creditor protection last year, to leave it with just 70 employees by the end of this month, according to the court-appointed monitor’s report.The lawyers’ comments came during an Ontario Superior Court hearing in Toronto as Hainey approved the monitor’s fees of roughly $14 million, that lawyers for the employees and pensioners did not oppose.The judge also approved an extension of the retailer’s creditor protection until April 27 to allow the company time to, among other things, work out disputes with certain landlords over unintentional payments made by Sears. read more

Maithripala Pakistan army chief discuss ties

They emphasized the importance of working with close cooperation to ensure mutual interests in security activities.Secretary to the President P. B. Abeykoon, Secretary of Defence U. B. Basnayake and Army commander Lieutenant General Chrishantha de Silva were among those participated at this event. (Colombo Gazette) Pakistan’s Chief of Army Staff (COAS) General Raheel Sharif called on President Maithripala Sirisena today at the Presidential Secretariat.The Army Chief and President Sirisena discussed about the cooperation and collaboration between the two countries on issues pertaining to regional security. read more