A legal battle between the owners of media properties including the Toronto Star is heading to court.
A hearing is scheduled for Monday morning in Ontario Superior Court over a dispute between Paul Rivett and Jordan Bitove, who purchased Torstar Corp. in 2020 for $60-million. Nordstar Capital Inc., in which Mr. Rivett and Mr. Bitove are equal partners, and which controls all of Torstar’s assets, is in breach of a credit facility, according to court documents. The two partners are at odds over how to address the debt.
Interesting fight ahead. The Star’s finances are not healthy.
