Businessman Gary Ng, a key figure in the Bridging Finance scandal, cited inaccurate legal precedents created by artificial intelligence to draft last-minute legal filings as part of his efforts to drag out his already years-long bankruptcy proceedings, according to an Ontario judge.
In a March 2 decision, Ontario Court of Justice in Bankruptcy and Insolvency associate justice Alexander Ilchenko said Mr. Ng’s conduct “was in its totality improper, unnecessary, taken through negligence and in every possible way lengthened unnecessarily the duration of the proceeding.”
Mr. Ng, who paid $100-million in cash to buy Vancouver-based investment dealer PI Financial Corp. in 2018, was legally declared bankrupt in April, 2023. Since then, the…