Laurentian faces numerous court cases related to insolvency
A court docket for hearings this week in Toronto reveals the long list of creditors of Laurentian University will have to satisfy to emerge from insolvency.
The list reads like a who's who of local and national groups, some with high-profile connections with the school.
Under the Companies' Creditors Arrangement Act, a plan of arrangement must be approved by the creditors, setting out the amounts each group would receive when LU emerges from the process.
The plan of arrangement will have many names. Almost two dozen groups were on the court docket for Wednesday.
In total, more than 200 proofs of claim were filed by creditors as part of the process, combined worth more than $300 million, according to filings in the Ontario Superior Court of Justice.
On Wednesday's docket, the following groups were listed as having active cases against Laurentian:
- Canada Foundation for Innovation
- Canadian Research Knowledge Network
- David Harquail and the Harquail Family
- Huntington University
- Catherine Kucheran
- Nina Kucheran
- University of Sudbury
- Laurentian University Students' General Association
- Laurentian University Faculty Association
- Lloyd's Underwriters (Markel)
- Rob McEwen
- Northern Ontario School of Medicine
- Ontario Confederation of University Faculty Associations
- Ontario Public Service Employees Union, Local 667
- Royal Trust Corporation of Canada
- St. Joseph's Continuing Care Centre of Sudbury
- The Art Gallery of Sudbury
- The Bharti Charitable Foundation
- The Goodman Family Foundation
- The Information and Privacy Commissioner of Ontario
- The Toronto-Dominion Bank
- Thorneloe University
- United Steelworkers
Unless it is granted another extension, the current deadline for Laurentian to complete the CCAA process is the end of May.
CTVNews.ca Top Stories
Indian envoy warns of 'big red line,' days after charges laid in Nijjar case
India's envoy to Canada insists relations between the two countries are positive overall, despite what he describes as 'a lot of noise.'
Stormy Daniels describes meeting Trump during occasionally graphic testimony in hush money trial
With Donald Trump sitting just feet away, Stormy Daniels testified Tuesday at the former president's hush money trial about a sexual encounter the porn actor says they had in 2006 that resulted in her being paid to keep silent during the presidential race 10 years later.
U.S. paused bomb shipment to Israel to signal concerns over Rafah invasion, official says
The U.S. paused a shipment of bombs to Israel last week over concerns that Israel was approaching a decision on launching a full-scale assault on the southern Gaza city of Rafah against the wishes of the U.S.
Former homicide detective explains how police will investigate shooting outside Drake's Bridle Path mansion
Footage from dozens of security cameras in the area of Drake’s Bridle Path mansion could be the key to identifying the suspect responsible for shooting and seriously injuring a security guard outside the rapper’s sprawling home early Tuesday morning, a former Toronto homicide detective says.
Northern Ont. woman makes 'eggstraordinary' find
A chicken farmer near Mattawa made an 'eggstraordinary' find Friday morning when she discovered one of her hens laid an egg close to three times the size of an average large chicken egg.
Susan Buckner, who played spirited cheerleader Patty Simcox in 'Grease,' dead at 72
Susan Buckner, best known for playing peppy Rydell High School cheerleader Patty Simcox in the 1978 classic movie musical 'Grease,' has died. She was 72.
Jeremy Skibicki has 'uphill battle' to prove he's not criminally responsible in Winnipeg killings: legal analysts
Accused killer Jeremy Skibicki could have a challenging time convincing a judge that he is not criminally responsible for the deaths of four Indigenous women, a legal analyst says.
Bye-bye bag fee: Calgary repeals single-use bylaw
A Calgary bylaw requiring businesses to charge a minimum bag fee and only provide single-use items when requested has officially been tossed.
Alcohol believed to be a factor in boating incident after 2 men die: N.S. RCMP
Two Nova Scotia men are dead after a boat they were travelling in sank in the Annapolis River in Granville Centre, N.S., on Monday.