Ontario · Receivership (court-appointed)
Motion Record of the Plaintiff (Motion for an Order Directing the Receiver to: (1) Attend a Judicial Mediation Aimed at Preserving Insurance Coverages; and (2) Cause Kew Media Group Inc. to Defend and Contest the Class Action), returnable on a date to be fixed
Application / notice of application · 19 May 2023
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Since its appointment 2 years ago, the Receiver has sold almost all of KMG's assets and distributed the available proceeds to the Secured Creditors, who are estimated to incur a shortfall on their secured indebtedness of more than US$100 million. · pct of: unstated · outcome: shortfall · currency: USD · class key: secured · stated by: unstated · class label: Secured Creditors · creditor name: Truist Bank, Bank of Montreal and Toronto-Dominion Bank · interim final: unstated · related party: false · currency quote: US$100 million · claims qualifier: unstated · shortfall amount: 100000000 · table missing: