The Nygard Group of companies owed $50 million to creditors, including nearly $30 million to American lender White Oak Commercial Finance, when it was placed under receivership in March by Manitoba Court of Queen s Bench Justice James Edmond.
Last November, Edmond approved the sale of 1771 Inkster Blvd. and set Jan. 18, 2021, as the closing date. The Nygard Group tried to block the sale and regain control of the two remaining properties.
They argued White Oak had been paid in full and asked the judge to end the receivership. The case ended up in the Manitoba Court of Appeal which sided with the receiver and approved the Inkster sale. It s now set to close Feb. 8. If approved, the Broadway sale would close Feb, 15.
Winnipeg Free Press
Former fashion mogul seeks bail while fighting extradition to U.S. to face sex trafficking charges By: Dean Pritchard | Posted: 7:00 PM CST Tuesday, Jan. 5, 2021
After three weeks in jail, fallen fashion mogul Peter Nygard will fight for his freedom Wednesday morning as U.S. justice authorities seek his extradition to face charges of sex trafficking and racketeering.
After three weeks in jail, fallen fashion mogul Peter Nygard will fight for his freedom Wednesday morning as U.S. justice authorities seek his extradition to face charges of sex trafficking and racketeering.
His 50-year-old business empire in tatters amidst ongoing receivership proceedings, Nygard, 79, is facing prosecution in the U.S., accused of sexually abusing dozens of women and girls over a period of decades.
Peter Nygard bail hearing delayed as defence seeks release due to COVID-19 pandemic
Canadian fashion mogul Peter Nygard appeared in a Winnipeg courtroom by video link on Wednesday, applying for bail on charges related to the alleged sexual assault of dozens of women and girls. The hearing was put over to later this month.
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CBC News ·
Posted: Jan 06, 2021 6:51 PM CT | Last Updated: January 7
Peter Nygard, 79, appeared in a Manitoba court on Wednesday morning from Headingley Correctional Centre via video conference.(Tadens Mpwene/La Liberté Manitoba)
Canadian fashion mogul Peter Nygard and his defence team say the 79-year-old is getting weaker every day while in jail and argue he must be released due to the deadly risk of COVID-19.
Winnipeg Free Press
Phone records seized by justice authorities show as recently as this past June, Peter Nygard “was considering the logistics of travelling under an alias,” alleges an RCMP affidavit filed in support of Nygard’s extradition to the U.S.
Phone records seized by justice authorities show as recently as this past June, Peter Nygard was considering the logistics of travelling under an alias, alleges an RCMP affidavit filed in support of Nygard’s extradition to the U.S. I believe Nygard presents a serious flight risk, Sgt. Stefane Nicolas, a member of the force s Federal Serious and Organized Crime Unit, wrote in the affidavit made public Tuesday.