07:55 PM EDT, 05/20/2026 (MT Newswires) -- Former Bridging Finance CEO David Sharpe plans to seek leave to appeal to Ontario's top court after a ruling upheld fraud findings tied to the collapse of the private credit firm, Bloomberg reported on Wednesday.

Sharpe intends to ask the Ontario Court of Appeal to review a decision by the Ontario Divisional Court that dismissed his challenge to findings that he and other former Bridging executives committed fraud before the firm's 2021 collapse.

Sharpe's lawyer said the lower court identified "significant concerns" about conduct by the Ontario Securities Commission, while the regulator said it was pleased with the ruling, according to Bloomberg.

Bridging Finance managed more than C$2 billion before entering receivership in 2021. More than 26,000 investors are expected to recover less than half their money, Bloomberg reported.