Teachers’ accepts AUD$20 million Intoll settlement offer

TORONTO - The Ontario Teachers' Pension Plan (Teachers') today confirmed that it has accepted an AUD$20 million litigation settlement offer from Intoll Group (formerly known as Macquarie Infrastructure Group).

Teachers' initiated a legal action against Macquarie Infrastructure Group (MIG) in 2006 alleging breach of contract.

"We are pleased that Intoll has agreed to settle this matter," said Stephen Dowd, Teachers' Senior Vice-President, Infrastructure.

The Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund's assets and administers the pensions of 284,000 active and retired teachers in Ontario.

Contact:

Deborah Allan
Director, Communications and Media Relations
Ontario Teachers' Pension Plan
(416) 730-5347
deborah_allan@otpp.com