Legal dispute between Torstar owners scheduled for court Monday
Global News
An Ontario courthouse will hear the legal battle between the owners of multiple media consortium’s including the Toronto Star on Monday.
An Ontario courthouse will hear the legal battle between the owners of multiple media consortiums including the Toronto Star on Monday.
According to the Superior Court of Justice docket, Jordan Bitove and NordStar Capital Inc., an investment company owned by Bitove and his partner, Paul Rivett, are scheduled to appear tomorrow on University Ave. in Toronto.
Last month, Rivett filed an application to the Ontario Superior Court of Justice seeking a court order to wind up the media company.
He cited “irreparable” damage to the relationship with Bitove as the application delves into the erosion of their partnership.
According to the application, immediately dissolving NordStar, which purchased Torstar Corp. in 2020 for $60 million, is the only way to create a clear path forward for the companies under the umbrella.
NordStar also controls six regional daily newspapers in Ontario, including The Hamilton Spectator, flyer distribution services and NorthStar Gaming Inc.
“Given the operational state of the companies, the applicants, employees of the controlled companies, and Torstar’s news readers all stand to suffer irreparable harm if interim relief is not granted,” the filing says.
Rivett claims Bitove changed his mind about previously agreed upon plans and failed to provide a budget at the Toronto Star.
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