Bridgepoint Financial Services Limited Partnership I v. Steinberg
Bridgepoint Financial Services Limited Partnership I
Law Firm / Organization
Branch MacMaster LLP
Lawyer(s)

Stephen Libin

Rudolf Steinberg
Law Firm / Organization
Self Represented

Background

  • Bridgepoint Financial Services Limited Partnership I ("BridgePoint") loaned funds to Rudolf Steinberg in 2013, secured against "Settlement Funds."
  • Steinberg’s tort claim was dismissed in 2022, but he received a $1.25 million accident benefits (AB) settlement.
  • BridgePoint claims its loan agreement covers both settlements, while Steinberg and others argue it applies only to the tort claim.

Motion by Pamela Adderley

  • Pamela Adderley, a judgment creditor of Steinberg, sought standing in the case.
  • She argued that BridgePoint’s new application expanded the issues, affecting her ability to recover from the AB settlement.

Key Legal Issues

  • Entitlement vs. Priority: The court found the application only determines if BridgePoint can claim the AB settlement, not how funds will be distributed.
  • Joinder under Rule 5.03: The court ruled Adderley was not a necessary party for this phase.
  • Standing under the PPSA, s. 67: Adderley was granted limited standing due to her interest in the settlement.

Decision

  • Adderley can file a 10-page factum and make 20-minute submissions but cannot file evidence or cross-examine witnesses.
  • BridgePoint must pay $1,500 in costs to Adderley.

Mixed outcome:

  • BridgePoint won on the joinder issue, as Adderley was not deemed a necessary party under Rule 5.03.
  • Adderley won limited standing under PPSA s. 67, allowing her restricted participation in the application.
  • Because Adderley prevailed on the standing issue, she was awarded costs.
Superior Court of Justice - Ontario
CV-24-00476-000
Civil litigation
$ 1,500