Millions in consultants’ fees charged to Laurentian in 2021 to go before judge for approval next week

Written by Neilrjd

May 3, 2022

Ernst & Young, the court-appointed monitor of Laurentian University’s insolvency restructuring, will go before a judge on May 11 to ask that millions in consultants’ fees incurred during 2021 be approved.

The firm also asks that the court approve the activities it undertook last year while acting as the court-appointed monitor for the university.

Laurentian University declared insolvency on Feb. 1, 2021, filing for creditor protection under the Companies’ Creditors Arrangement Act (or CCAA).

Read the full article here

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