Firm / Organisation

Thornton Grout Finnigan LLP

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This content is provided by Thornton Grout Finnigan LLP.

Number of lawyers: 21

Firm Overview:
Thornton Grout Finnigan LLP (TGF) is widely recognized as a leading firm for commercial litigation and insolvency / restructuring in Canada, and for high profile multi-jurisdictional proceedings. Representative mandates reflect the breadth and depth of the team, and the creativity involved in resolving some of the most complex legal issues in Canada. TGF is a mix of senior restructuring and litigation lawyers with a full range of experience, combined with talented and energetic younger lawyers who thrive in the entrepreneurial environment of a highly focused firm. Retired Justice Frank Newbould, QC joined the firm as Counsel in 2017, which further solidified TGF’s reputation as a litigation and restructuring powerhouse. As judicial team leader on the Commercial List in Toronto, Justice Newbould presided over some of the most complex restructuring and litigation proceedings in Canada

Main Areas of Practice:

Restructuring & Insolvency:
5 partners; 11 lawyers
■ Counsel to JTI-Macdonald Corp. in a proceeding under the CCAA seeking to resolve the myriad of litigation claims against it exceeding $500 billion, as part of an unprecedented industry-wide proceeding involving the three largest tobacco companies in Canada
■ Canadian counsel to Westmoreland Coal Company in its USD$110 million recapitalization and restructuring transaction through a Chapter 11 proceeding in the United States
■ Counsel to the monitor in the restructuring of the Carillion Group in Canada
■ Counsel to BDC Capital Inc. in the Quebec CCAA restructuring of sustainable chemicals company BioAmber Inc., the largest global producer of bio-based succinic acid
■ Counsel to the court-appointed monitor of Performance Sports Group Ltd. and its 17 subsidiaries (sports and apparel company and owner of the Bauer and Easton brands)
■ Counsel to the court-appointed monitor in a CCAA and Chapter 11 proceeding involving Pacific Exploration and Production Corporation, the largest privately-owned oil and gas producer in Latin America
■ Canadian counsel to SquareTwo Financial Corporation and 17 of its direct and indirect subsidiaries in completing a pre-packaged joint plan of arrangement to implement a cross-border share and asset sale
■ Counsel to United States Steel Corporation as the parent and largest secured creditor of US Steel Canada Inc. during its CCAA proceedings
■ Canadian counsel to the UK Pension Claimants in the global insolvency proceedings of Nortel Networks and the historic multi-jurisdictional 'pro rata allocation' of US$7.3 billion in sale proceeds among 40 insolvency estates in 19 countries
■ Settled 'the longest running legal saga in Canadian history' by a creative application of the CCAA to resolve an acrimonious and multi-faceted auditor’s negligence case
■ Counsel to Endurance Energy Ltd. in connection with its restructuring under the CCAA
■ Counsel to the court-appointed monitor of Mobilicity
■ Counsel to the court-appointed monitor in the restructuring of the Canadian Abitibi- Bowater entities, one of the world’s largest publicly traded pulp and paper manufacturers
■ Restructuring counsel to Hollinger Inc. in the windup and resolution of Hollinger
■ Counsel to the Insolvency Institute of Canada as intervenor in two separate groundbreaking appeals to the Supreme Court of Canada
Key Clients:Private and public companies, banks and other lenders, accounting and advisory firms, directors and officers, turnaround professionals in other jurisdictions
Restructuring Contact: D J Miller
Tel: +1 416 304 0559
Email: [email protected]

Litigation:
5 partners; 12 lawyers
■ Court-appointed litigation counsel to the Litigation Trustee of Cash Store Financial in pursuing nine figure damage claims against Cash Store’s professional advisors
■ Counsel for Crosslinx Transit Solutions Constructors on major subcontractor claims on the $5.3 billion Eglinton Crosstown LRT, one of Canada’s largest infrastructure projects
■ Court-appointed Representative Counsel for 630,000 non-mutual policyholders in the $2 billion demutualisation of Economical Mutual Insurance Company, in the first demutualisation of a property and casualty insurer in Canada
■ Counsel for several joint ventures of public companies on P3 and traditional projects for governments involving highway construction and storm water management
■ Counsel for Coopers & Lybrand in connection with auditor’s negligence claims stemming from the collapse of Castor Holdings Ltd. that were later being addressed in a proceeding under the CCAA
■ Counsel to a syndicate of European lenders in connection with a $75M breach of contract claim against a major North American air carrier
■ Counsel to a committee of contesting bondholders in the proposed privatisation of BCE Inc., involving the world’s largest leveraged buy-out with an enterprise value of $52 billion, including arguing the case at the Supreme Court of Canada
■ Represented the former principal of Lakeport Brewing Corp. in the successful defence of a $50 million officer and director liability case
■ Litigation counsel to the court-appointed chief restructuring officer and litigation trustee of Hollinger Inc., in pursuing extensive litigation claims in the estate
■ Counsel to the court-appointed Receiver, RSM Richter Inc., in the Norshield hedge fund scandal involving the tracing and attempted recovery of over $400 million in investor funds in multiple jurisdictions
Key Clients: Private and public companies, directors and officers, turnaround professionals, national and international law firms and advisory firms, Canadian and international lenders and construction companies and joint ventures.
Litigation Contact: Deborah E Palter
Tel: +1 416 304 0148
Email: [email protected]