Representative Mandates
Cash Store: Court-appointed litigation counsel to the Litigation Trustee of Cash Store Financial Services Inc.
Cash Store was Canada’s largest payday lender with over 500 branches across the country. TGF is the court-appointed litigation counsel to the litigation trustee to advance complex commercial claims against Cash Store’s former advisors for professional negligence and breach of contract.
These claims arise out of a set of transactions in which Cash Store took on new public debt of $135 million to purchase a loan portfolio it later admitted had a fair value of only $50 million.