Torstar owners ‘deadlocked’ in feud over direction of company including Toronto Star
NordStar Capital Inc. co-owner Paul Rivett is seeking a court order to wind up the company after a breakdown in his relationship with business partner Jordan Bitove, raising uncertainty about the control of Torstar Corp. and the Toronto Star newspaper.
Mr. Rivett detailed the significant rift with his partner in an application filed with the Ontario Superior Court of Justice on September 1, alleging Mr. Bitove thwarted business plans they had agreed to, ignored proper corporate governance, and attempted to sideline him. “There is complete deadlock between Rivett and Bitove,” the application states. “They can no longer work together.”
