In an unprecedented move by a public institution, Sudbury's Laurentian University declared financial insolvency and filed for creditor protection Feb. 1, 2021.
On April 1, 2021, Laurentian terminated its federation agreement with three other schools on campus: University of Sudbury, Huntington and Thorneloe.
The list of program closures was made public on April 12, 2021.
On April 14, 2021, Laurentian announced its varsity hockey and swimming programs were being cut.
Two judges have dismissed appeals from Thorneloe University and the University of Sudbury trying to stop the termination of the agreement Laurentian has with its federated universities. The rulings mean that LU can proceed to the next stage of its insolvency process, allowing it to access $10 million in emergency loans to keep operating until Aug. 31, 2021.
In a crucial development, creditors owed more than $180 million by Laurentian University approved a plan Sept. 14, 2022, that will allow them to recover part of what they are owed and allow LU to emerge from insolvency.
Reaction is continuing to come in and it is mostly surprise and disappointment over the province's late Friday afternoon announcement to not fund Université de Sudbury. The school was looking to become the province's next stand-alone French language university after parting ways with a financially insolvent Laurentian University.
There isn’t enough demand to justify turning the University of Sudbury into a standalone French-language university, the province announced Friday afternoon.
On Thursday, Laurentian University gave an update on a plan to sell $53.5 million of its real estate to the province, money that is being used to pay off creditors.
An Ontario Appeals Court has ruled that Ontario’s auditor general does not have the right to demand access to documents covered by solicitor-client privilege.
After emerging from creditor protection earlier this year, Laurentian University says it will have an $8.2 million budget surplus for the 2023-2024 fiscal year.
It was two years ago that close to 200 staff including tenured faculty at Greater Sudbury’s Laurentian University lost their jobs, as more than 60 programs were discontinued.
Laurentian University announced Tuesday its board of governors has approved a motion to begin the process of selling the President’s House, located at 179 John St. in Sudbury.
Laurentian University has approved $8.4 million in spending on deferred maintenance this year.
Sudbury’s Laurentian University announced Tuesday it would take the next steps in the hopes of reopening its pool.
Nickel Belt MPP France Gélinas says she was shocked at the decision not to fund the University of Sudbury and did not see it coming.
