Judge signs off on Assaly settlement

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A group of Ottawa investors and other creditors of Thomas G. Assaly should begin to receive some of their money back by next summer after an Ontario Superior Court judge signed off on a legal settlement Monday. Judge Paul Kane agreed to sign an order implementing the settlement, reached last month between Assaly, the eldest son of the late renown developer Thomas C. Assaly, and Doyle Salewski Inc., trustee of four bankrupt Assaly companies and interim receiver of a charitable foundation Assaly formerly controlled.

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