UPDATE: The claims portal is closed! Settlement payments were issued on March 28, 2024. If you have not received your Settlement cheque by now, please contact RicePoint Administration.
This website provides information about the proposed settlement (the “Settlement”) of a class action lawsuit against Bedford at Bloor Realty Inc., Lanterra Developments Ltd., Toro Aluminum Railings Inc., and MCE Developments Inc.. (the “Defendants”). Glass paneling installed on the balconies at One Bedford fell into the street, necessitating the closure of the balconies and a lengthy repair process (the “Falling Glass Incidents”) which lasted from August 13, 2011 to September 30, 2012 (the “Class Period”).
The parties have entered into a settlement agreement (the “Settlement Agreement”) which was approved on June 14, 2023. The Defendants will pay $1,000,000.00 (one million) (the “Settlement Fund”), plus $70,000 towards the cost of claims administration (the “Administration Fund”) to settle the claims of the Class Members, including the Legal Fees and Disbursements and the costs of administering the settlement, in return for a release and a dismissal of the class action.
Are you a part of the Settlement?
If you owned, rented and/or ordinarily resided in one of the 254 condominium residential units in the condominium known as One Bedford, located at 1 Bedford Road in Toronto between August 13, 2011 to September 30, 2012 (inclusive), and have not previously opted-out of the class, you are a class member.
Summary of Settlement Benefits
Eligible Class Members will receive an award calculated on the amount of the Settlement Fund remaining after payment of legal fees, disbursements, and taxes thereon, and administrative expenses for the settlement administration (the “Net Settlement Fund”). The Claims Administrator will calculate awards on a per unit basis. The award for units without a balcony will be calculated at $500 per unit. Awards for units with a balcony will be calculated at about $2,000 per unit (the “Awards”).
These amounts are based on an award per unit over the Class Period without consideration of (a) the number of people living in the unit, or (b) the size of the balcony in the unit.
If a unit owner(s) and/or a tenant(s) were both in possession of the unit for all or part of the class period, the owner(s) and/or the tenant(s) will share the payment based upon the month(s) each occupied the unit during the Class Period.
PLEASE DO NOT CONTACT THE COURTS OR DEFENDANTS WITH INQUIRIES ABOUT THIS SETTLEMENT.
All inquiries should be directed to Class Counsel or the Claims Administrator.