Ontario · Receivership (court-appointed)

Plaintiff's Motion Record, re: Lift stay and related matters for the securities class action against Kew Media Group Inc. (Motion returnable on a date to be fixed)

Application / notice of application · 19 May 2023

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What we verified from this filing1 verified

recovery outcomeentries: basis: estimated · quote: Since its appointment 17 months 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 in excess of 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 (banking syndicate) · interim final: unstated · currency quote: US$100 million · claims qualifier: unstated · table missing: