Follow our coverage of Bridging Finance Inc., a portfolio manager and exempt market dealer based in Toronto.
February 22, 2023
Follow our coverage of Bridging Finance Inc., a portfolio manager and exempt market dealer based in Toronto.
February 22, 2023Regulator charges that executives allegedly diverted funds to themselves, their firm
PwC was given the go-ahead to reject outside bids and proceed with the wind-down
Amid last minute "chaos," liquidation hearing pushed to March
PwC seeks court approval to abandon the firm's sale and continue liquidation
PwC to make recommendation to court by mid-February
Deadline for sale process extended to Feb. 28
Court filings indicate losses could top $580 million
Receiver reports that funds' former auditor retracted two years of audit reports
PwC says KPMG stepped down as funds' auditor earlier this month
The firm has five "primary" bidders, with six others targeting certain loans
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