Thornton Grout Finnigan


Suite 3200, 100 Wellington Street West
Toronto, ON, M5K 1K7

Telephone:+1 416 304 1616
Fax:+1 416 304 1313

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Thornton Grout Finnigan LLP (“TGF”) focuses its practice in two areas: (i) commercial litigation; and (ii) insolvency and restructuring. Representative mandates reflect the breadth and depth of the team, and the creativity involved in resolving some of the most complex legal issues in Canada.

TGF is a mix of senior restructuring and litigation lawyers with a full range of experience gained by years of practice, both inside and outside full-service law firms, combined with talented and energetic younger lawyers who thrive in the entrepreneurial environment of a specialty firm.

Representative Mandates:

  • Counsel to the first publicly-funded university in Canada to be restructured pursuant to an insolvency statute 
  • Counsel to PricewaterhouseCoopers Inc. as Receiver and Manager of Bridging Financial Inc. and its Funds
  • Litigation counsel to the constructors of the Eglinton Crosstown LRT, an $8+ billion project, one of the largest infrastructure projects in Canada’s history
  • Counsel for Grant Thornton Limited as Trustee in bankruptcy of AP Private Equity Limited and Aiden Pleterski, a 23-year-old self-proclaimed crypto king who was, along with his company, adjudged bankrupt following the obtaining of a Mareva Order.
  • Counsel to BDO Canada Limited as court-appointed monitor in the CCAA restructuring of Eve & Co Incorporated, Natural Medco Ltd., and Eve & Co International Holdings Ltd.
  • Lawyers for FTI Consulting Canada Inc. as court-appointed monitor in the CCAA proceedings of the Just Energy Group
  • Counsel to A. Farbers & Partners Inc. as court-appointed receiver of Pure Global Cannabis Inc. and its related entities
  • Counsel to Ernst & Young Inc, as court-appointed Monitor of the Country Fresh Foods Group
  • Counsel to Ernst & Young Inc., as court-appointed Monitor in the restructuring of the Carillion Group in Canada
  • Counsel to debtor company AgMedica and its subsidiaries, the first licensed cannabis producer to file for CCAA protection in Ontario
  • Counsel to Alvarez & Marsal Canada Inc., as court-appointed Monitor of Lydian International Inc. and its subsidiaries, including as foreign representative for recognition proceedings in Jersey, Channel Islands
  • Counsel to Ernst & Young Inc., as Monitor of JTI Macdonald Corp. in its CCAA proceeding
  • Court appointed litigation counsel to the Litigation Trustee of Cash Store Financial in pursuing nine figure damage claims against Cash Store’s professional advisors
  • Counsel to Grant Thornton Limited as court appointed Receiver of the Comsale Group of Companies in a Canadian receivership proceeding with foreign recognition in the US and Malaysia
  • Counsel to the Province of British Columbia in the CCAA proceedings of Purdue Pharma L.P.
  • Counsel to BDO Canada Limited as court appointed Receiver of Unique Broadband Systems Ltd. in Canadian receivership and Chapter 11 foreign recognition proceedings
  • Represented the court-appointed Monitor in a CCAA and Chapter 11 proceeding of Pacific Exploration and Production Corporation in the first Canada / US / Columbia cross-border insolvency proceeding, restructuring $5 billion in creditors’ claims
  • Counsel to the court-appointed Monitor in the dual plenary proceedings under Chapter 11 and the CCAA of Performance Sports Group Ltd. and its affiliates, including a US$575 million sale transaction
  • Canadian counsel to Square Two Financial Corporation and 17 affiliates in a CCAA and Chapter 11 restructuring of US$400 million of debt involving a stock sale in Canada and an asset sale in the US
  • Canadian insolvency counsel to the Trustees of Nortel Networks UK Pension Plan and the UK Pension Protection Fund – the largest single creditor in the global insolvency proceedings of the Nortel Networks group of companies, allocating US$7.3 billion in sale proceeds among 40 insolvency estates in 19 countries
  • Retained to resolve what had been described by the judiciary as “the longest running legal saga in Canadian history” and successfully ended the litigation through a creative application of the restructuring provisions of the CCAA
  • Counsel to the court-appointed Monitor in the restructuring of the Canadian Abitibi- Bowater entities
  • Counsel to Fraser Papers Inc. and its Canadian and US affliates in a restructuring pursuant to the CCAA and Chapter 11 Restructuring counsel to Hollinger Inc. in the windup of Hollinger and its subsidiaries
  • Litigation counsel to the court-appointed Chief Restructuring Officer and Litigation Trustee of Hollinger Inc.
  • Counsel to the court-appointed Monitor in the restructuring of Stelco
  • Represented GE Capital Aviation Services, Inc., a principal stakeholder and the largest creditor in the CCAA restructuring proceedings of Air Canada, Canada’s largest airline
  • Counsel for the court-appointed Receiver of the Portus group of companies, recovering over 95% of the more than $800 million of investors’ money
  • Counsel to the Agent and lead lender in a syndicate of lenders to Allen-Vanguard Corporation, a publicly traded international military defence corporation, during its restructuring pursuant to the CCAA and its recapitalisation as a private entity
  • Counsel to the Insolvency Institute of Canada as intervener on an appeal to the Supreme Court of Canada in Re Indalex
  • Counsel to a syndicate of European lenders in connection with a $75M breach of contract claim against a major North American air carrier
  • Counsel to a committee of contesting bondholders in the proposed privatisation of BCE Inc., involving the world’s largest leveraged buyout with an enterprise value of $52 billion, including an appeal at the Supreme Court of Canada
  • Represented the former principal of Lakeport Brewing Corp. in the successful defence of a $50 million officer and director liability case
  • Represented the Ontario Municipal Employees Retirement System (OMERS) before a major municipal judicial inquiry
  • Counsel to the court-appointed Receiver in the Norshield hedge fund scandal involving the tracing and attempted recovery of over $400 million in investor funds in several jurisdictions
  • Counsel to United States Steel Corporation as the DIP lender and largest creditor in the CCAA proceedings of US Steel Canada Inc.
  • Counsel to a significant landlord in various retail restructuring proceedings including Target, Sears Canada Inc. and BCBG

Updated April 2024