Judges release details of ruling in Laurentian University bankruptcy proceedings myalgomamanitoulinnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from myalgomamanitoulinnow.com Daily Mail and Mail on Sunday newspapers.
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Thorneloe University is a small school that has had a big impact on Laurentian University and its students, and its continuing existence would not threaten Laurentian’s future.
Those are some of the arguments Thorneloe has laid out in a motion seeking to appeal a judge’s decision allowing Laurentian to end its federation agreements with Thorneloe, the University of Sudbury and Huntington University.
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Laurentian, burdened by debt, has sought creditor protection and is restructuring. It has laid off almost 200 faculty and staff, cut 69 programs and ended its federation agreements. Laurentian used to share $7.7 million with its federated universities, money it will now keep.
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The University of Sudbury is disappointed it can no longer consider Laurentian University a partner in education.
“It’s quite a blow to the federation and especially to the students who are counting on these courses, but especially to the communities we represent, especially the Francophone and Indigenous communities,” said Father John Meehan, president of the University of Sudbury. “It’s a big shock to everybody. We’ve been a committed member of the Laurentian community for 60 years. Our whole financial model has to change now. We never wanted an end to the federation.”
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