One of Pride Group Holdings Inc.’s major lenders is suing the trucking company’s co-founders, Sam and Jasvir Johal, and alleging fraud, complicating the…
Mitsubishi HC Capital Canada Inc., which lent money to Pride for the purposes of buying and leasing trucks, has filed multiple lawsuits against Sam and Jasvir Johal in Canada and the United States
In a strong market, Pride’s trucks could be sold or re-leased to a competitor, but that isn’t very feasible for any operator in the current environment