Aimia settles class-action lawsuit over expiring Aeroplan points

Aimia says it has signed a deal to settle a class-action case related to changes to its Aeroplan mileage expiry and accumulation rules.

Under the proposed terms of the agreement, Aimia will deposit a set amount of Aeroplan Miles into the accounts of eligible members.

The suit was filed after the loyalty rewards program announced changes to its mileage expiry rules in October 2006.

Aimia says the agreement is a positive resolution for members and stakeholders.

The settlement is subject to approval by Quebec Superior Court.

Aimia signed a tentative deal last week to sell the Aeroplan loyalty program to an Air Canada-led group, which includes TD Bank, CIBC and Visa Canada Corp.