UPDATES RELATED TO SORRENTI LAW PROFESSIONAL CORPORATION ("SORRENTI")

Below are links to items that may be of interest to viewers:

A table summarizing the projects with active SMLs under Sorrenti’s administration is provided below.  The Trustee notes that this table may be updated as these proceedings progress and additional information is obtained by the Trustee regarding Sorrenti’s SMLs administration business.

Sorrenti Active SMLs as at September 30, 2019

COURT MATERIALS RELATED TO DEREK SORRENTI OR SORRENTI LAW PROFESSIONAL CORPORATION

On September 30, 2019, pursuant to an order of the Ontario Superior Court of Justice (Commercial List) (the “Appointment Order”), FAAN Mortgage Administrators Inc. (“FAAN Mortgage”) was appointed as trustee (“Trustee”) over all of the assets, undertakings and properties of Derek Sorrenti or Sorrenti Law Professional Corporation (collectively, “Sorrenti”) that relate to Sorrenti’s administration of syndicated mortgage loans (“SMLs”).  FAAN’s appointment was precipitated by an application made by the Law Society of Ontario under Section 49.47 of the Law Society Act, R.S.O. 1990. c. L.8, and section 101 of the Courts of Justice Act, as amended. The materials related to the Trustee’s appointment can be accessed at the following links:

Law Society of Ontario Application Record (Part 1)
Law Society of Ontario Application Record (Part 2)
Pre-filing Report of the Proposed Trustee dated September 29, 2019
Order of Justice Hainey dated September 30, 2019