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BridgePoint Receives Court Approval for Third Party Financing Agreement

BridgePoint Receives Court Approval for Third Party Financing Agreement

May 7, 2009 | Bridgepoint Financial |Posted in News

Class action filed in the Province of Alberta

We are pleased to announce that BridgePoint Financial Services has received court approval for a third party financing arrangement involving the representative plaintiff for a class action filed in the Province of Alberta. This is the first time a Canadian court has approved a private arrangement of this nature. Of equal importance the process was ex parte, the financing agreement will be sealed, and the order will be made public and may be utilized as a precedent in other actions that we are currently evaluating and/or engaged in.

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