Mr. Speaker, first of all, everyone in this place recognizes the difficult situation facing Nortel pensioners and LTD recipients. The fact remains that the situation is the result of a court-approved settlement, an agreement between all parties, which was enacted under the legislation in effect at that time. Of course, the senators have a responsibility to listen to witnesses before committee, and clearly the senators on the banking, trade and commerce committee felt that the testimony led to a conclusion that Bill S-216 should not go forward. Witnesses said that the bill would not help these former employees and in fact would lead them to endless litigation, to the detriment of all involved.
In the House of Commons on November 25th, 2010. See this statement in context.