Saturday, January 20, 2007

Does Eaton's still owe you money?

Yahoo!: Thousands of former Eaton's employees and retirees still owed $1.14 million

TORONTO (CP) - A law firm is looking for former Eaton's employees who can still collect the $1.14 million they're owed from the former Canadian retailer's bankruptcy.
The firm is looking for 5,900 missing former employees and retirees who worked for the company before it went bankrupt in 1999. Law firm Koskie Minsky says there's one former worker who still hasn't collected more than $17,000 owed.
It's acting on behalf of 30,000 former Eaton's workers in the bankruptcy proceedings.
It says the company responsible for liquidating Eaton's assets has paid out more than $60 million to date to former workers.
But when the last payment was made, thousands of those former workers couldn't be found and their cheques were either never cashed or returned to the liquidator.
Even if the former workers have died, the law firm says their estates and beneficiaries would be entitled to the payments.
If they don't come forward by July 13th, the money will be handed back to the liquidator for redistribution to the other creditors.
Those still owed money include 2,659 former employees in Ontario, 1,048 in B.C., 518 in Alberta, 141 in Saskatchewan, 554 in Manitoba, 824 in Quebec, 86 in New Brunswick, 68 in Nova Scotia, two in Newfoundland and Labrador, nine in Prince Edward Island.


In my youth, I worked for Sunglass Hut as a Multi-Store Manager (not nearly as high powered and glamorous as it sounds, believe me), when SH partnered with Eaton's for upscale sunglass counters in their venerable department stores. Sadly, my paycheques came from Coral Gables, Florida, and not Toronto, so there will be nothing for me.

However, since virtually every Canadian has at some time in their life worked for Eaton's, The Bay, or Tim Horton's, if you think you have some loot owed to you, you should give Koskie Minsky a phone call.

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