Laurentian created manufactured crisis to cut ties with 3 schools for $10M loan, lawyer argues
Laurentian University s attempts to cut ties with three federated schools, on the road to getting a $10-million loan to help it continue with restructuring for survival, was met with heated opposition and accusations in Ontario Superior Court on Thursday.
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CBC News ·
Posted: Apr 29, 2021 9:18 PM ET | Last Updated: April 30
Laurentian University has been going though unprecedented restructuring in the wake of declaring financial insolvency on Feb. 1. The Sudbury school is currently under creditor protection, and was in Ontario Superior Court on Thursday seeking approval to move forward with its financial plan.(Yvon Theriault/Radio-Canada)