In the news

October 26, 2012

John L. Finnigan is featured and quoted extensively in Bruce Livesey’s article “Chasing Manor’s Millions” in the November 2012 issue of Report on Business magazine (The Globe and Mail).

John Finnigan was featured and quoted extensively in a story which ran in the November 2012 edition of the Globe and Mail’s Report on Business Magazine on the fascinating Portus hedge fund scandal. John played a leading role in the effort to trace and recover almost $750 million in investor funds after Portus was placed into receivership by the Ontario Securities Commission. The article, "Chasing Manor's Millions" begins...

“John Finnigan’s first question for Boaz Manor was a formality. Pen poised, Finnigan asked for Manor’s address.

Manor stared at the ceiling.

A silence hung in the air of the law firm’s boardroom. Finally, in exasperation, Finnigan demanded: “When you left the house this morning, what was the number on the door?”

The lawyer had good reason to be frustrated. He had fought a long, draining battle in Israel’s courts to force Manor to answer his questions. It was February, 2006, and Finnigan, a commercial litigator with the Toronto law firm Thornton Grout Finnigan LLP, was in Tel Aviv attempting to extract information from the 33-year-old Manor.

Finnigan wanted to know about the whereabouts of tens of millions of dollars that had gone missing after the collapse of Portus Alternative Asset Management Inc., a Bay Street firm that had operated one of Canada’s largest hedge funds. Manor was the investment brains behind Portus, which had been shut down by the Ontario Securities Commission (OSC) in 2005 amid allegations of fraud. Finnigan had been retained by KPMG Inc., the court-appointed receiver, to help it find the money that couldn’t be accounted for.”

Read the full story "Chasing Manor's Millions" by Bruce Livesey, Report on Business Magazine, The Globe and Mail, November 2012 by clicking here