Thorneloe fights for right to claim $9.8M from Laurentian University
Thorneloe University is heading to court Nov. 18 to appeal a decision denying its $9.8 million claim against Laurentian University.
Thorneloe is one of the federated universities that lost its link to Laurentian through the Companies’ Creditor Arrangement Act (CCAA) process.
LU renounced its agreement with Thorneloe, Huntington and the University of Sudbury, and damage claims were addressed by the claims officer appointed by the accounting firm monitoring the insolvency process.
While Thorneloe claimed $9.8 million in losses, it was only granted $1,481,673 to pay severance claims to former staff. Thorneloe appealed, but the claim was denied again in September.
An appeal of that decision will be heard Nov. 18, but Thorneloe also asked the Superior Court of Justice to instead have the case dealt with by a mediator.
While lawyers argued that mediation would save time and money, Justice Geoffrey B. Morawetz disagreed, considering the appeal is going to be heard Nov. 18.
“In my view, it is pure speculation to suggest that a mediated resolution will save costs,” Morawetz wrote in his decision.
“The saving of time is not significant.”
Thorneloe also waited too long, he said, and should have requested mediation right after its claim was denied in May.
“The request of Thorneloe to have a court-ordered mediation has been made very late in the day,” Morawetz wrote.
“I do not find it to be appropriate to compel the Monitor to engage in a mediation of an issue that has already been determined in its favour, albeit pending appeal.”
Read the full decision here.
CTVNews.ca Top Stories
![](https://www.ctvnews.ca/polopoly_fs/1.6333194.1680048020!/httpImage/image.jpg_gen/derivatives/landscape_800/image.jpg)
Fines related to neighbour's 443 noise complaints at centre of B.C. dispute
A B.C. condo owner who was fined tens of thousands of dollars over hundreds of noise complaints made by his downstairs neighbour was partially successful in having the penalties overturned.
Analysis of the CNN Presidential Debate between Joe Biden and Donald Trump
U.S. President Joe Biden and former president Donald Trump went head-to-head in the first of two planned presidential debates.
EXCLUSIVE Canadian lawyers play key role in money laundering, says financial intelligence report
A report by Canada's financial watchdog obtained by the Investigative Journalism Foundation working in collaboration with CTV News looked at Canadian lawyers' potential role in money laundering schemes, including those by organized crime groups like biker gangs and drug cartels.
Legal action coming to recover COVID benefit overpayments
The Canada Revenue Agency says it is ramping up efforts to recover overpayments of pandemic-related benefits.
'Hanging on for her life': Sask. family desperate to bring home sick niece from Philippines
For half a decade, a Saskatoon family has been trying to bring their orphaned niece to Canada, they say now it’s a matter of life or death.
'No additional flights will be cancelled': WestJet avoids strike as feds order binding arbitration
A potential strike by WestJet airplane mechanics would upend travel plans for 250,000 customers over the Canada Day long weekend, the airline says — and cost it millions of dollars.
Ottawa police warn residents to avoid Facebook Marketplace when looking for a place to rent
Ottawa police are going as far as to tell people to stay away from Facebook Marketplace altogether when looking for a place to rent because of the prevalence of scams.
Where do new Canadians come from? India and Philippines take top spots
Canada has welcomed more than 3.9 million new citizens since 2005, with nearly one third coming from India, the Philippines or China, according to a CTVNews.ca analysis.
Nunavut judge sentences Toronto woman to 3 years prison for Inuit identity fraud
A Nunavut judge has sentenced a Toronto woman to three years in prison in a case of Inuit identity fraud.