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UFS > SEC Filings for UFS > Form 8-K on 27-Jun-2013All Recent SEC Filings

Show all filings for DOMTAR CORP

Form 8-K for DOMTAR CORP


27-Jun-2013

Other Events


ITEM 8.01 Other Events

As previously disclosed, on June 12, 2007, George Weston Limited (the seller of E.B. Eddy to Domtar Inc. in 1998) commenced an action against Domtar Inc. in the Superior Court of Justice of the Province of Ontario, Canada, claiming that as a result of the consummation of the series of transactions whereby the fine paper business of Weyerhaeuser Company was transferred to Domtar Corporation and Domtar Corporation acquired Domtar Inc. on March 7, 2007, Weston was entitled to receive $104 million (CDN$110 million) under the terms of the Eddy purchase agreement ("Weston Litigation"). The claim also sought interest and costs, and at the time of the settlement exceeded, in the aggregate, $133 million (CDN$140 million). On June 24, 2013, the parties agreed to settle the Weston Litigation for a payment by Domtar to Weston of $47 million (CDN$50 million). The charge related to the settlement will be reflected in Domtar's financial results for the second quarter 2013.


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