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The court dismissed an application to appoint representative counsel for former MEC employees and to secure that counsel with an $85,000 charge.
Classification must be based on creditors' legal rights vis-Ă -vis the debtor under the CCAA; subordinated debenture holders did not possess a materially different legal interest vis-Ă -vis Stelco (only contractual subordination/turnover obligations), there was no realistic conflict of interest affecting the debtor-vs-creditor relationship, and the supervising judge did not err in law or in exercising discretion in keeping unsecured creditors in a single class.
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