James H. Grout - Thornton Grout Finnigan LLP

James H. Grout

Listed in Best Lawyers since 2006
Phone: 416-304-0557

Jim is a founding partner of TGF and is internationally recognised for his expertise in the fields of insolvency, restructuring and related litigation. Jim has extensive experience in the automotive, insurance, mining, securities firms and hedge fund sectors. He is recognised as a leading restructuring and insolvency practitioner in Canada in Chambers Global (2015). Jim is listed in the Canadian Legal Lexpert Directory (2015) as "repeatedly recommended" in the areas of corporate commercial litigation, insolvency and financial restructuring.


  • Appeared as counsel in proceedings under the CCAA, involving A.G. Simpson, Alloy Wheels Industrial, Algoma Steel, Anvil Range Mining, Bramalea, the Canadian Red Cross, Central Capital, Elks, Royal Oak Mines, Stelco Inc. and United Keno Hill Mines.
  • Counsel for the receiver of the Portus Group. As a result of Portus' collapse, over 26,000 investors were owed in excess of $790 million. The Receiver recovered over 95 cents on every dollar of their claims.
  • Has represented the vast majority of the Receivers of securities firms in Ontario.
  • Counsel to the Receiver and Bankruptcy Trustee of an insolvent pulp and paper mill, in a case involving the divestiture provisions of the BIA.
  • Counsel to the Receiver of Blockbuster Canada, in an orderly liquidation of approximately 440 stores with significant cross-border issues
  • Counsel for the Ontario Securites Commission in the insolvency proceedings of Sino-Forest Corporation
  • Regularly advises the Ontario Securities Commission on insolvency matters and has represented the Securities and Exchange Commission in a cross-border proceeding

Jim was the founding chairman and is currently one of the three co-chairs of the Gold Medal Plates fundraiser for Canada's Olympic athletes. The event raises funds for the Own the Podium programme, which was instrumental in Team Canada's success at the Vancouver, London and Sochi Olympic Games.

Jim is a member of the insolvency section of the Ontario Bar Association, INSOL International and the Insolvency Institute of Canada.

University of TorontoBA 1978Queen's UniversityLL.B 1981

Office Location

Suite 3200, 100 Wellington Street West
Toronto-Dominion Centre
P.O. Box 329
Toronto, ON M5K 1K7

Practice Areas

Insolvency and Financial Restructuring Law

Other Information