Toronto Star Co-Owner Seeks Court Order to Wind Up Company as Relationship Breaks Down Between Owners

Toronto Star Co-Owner Seeks Court Order to Wind Up Company as Relationship Breaks Down Between Owners
The Toronto Star building in Toronto in a file photo. The Canadian Press/Eduardo Lima
The Canadian Press
Updated:

One of the owners of Torstar Corp. is seeking a court order to wind up the media company, citing “irreparable” damage to the relationship with his business partner.

Paul Rivett, one of the owners of Nordstar Capital Inc., an investment company that purchased Torstar in 2020, filed an application to the Ontario Superior Court of Justice earlier this month that says immediately dissolving Nordstar is the only way to create a clear path forward for the companies under its umbrella.