Mr. Speaker, I think every member of Parliament and every senator recognizes and sympathizes with the difficult situation facing Nortel pensioners and LTD recipients, but the fact remains that today's situation is as a result of a court-approved settlement agreement among all parties, which was enacted under the legislation in effect at the time.
It is our responsibility to look at situations and to manage expectations. However, based on the expert witness testimony, Bill S-216 will not help Nortel LTD recipients. In fact, it will lead them to endless litigation to the detriment of all involved. Expert witnesses were clear about this.