The Globe and Mail reports in its Saturday edition that Bridging Finance owners Jenny and Rocky Coco are being sued by the private lender's receiver and its senior creditor, BlackRock, for their alleged roles in Bridging's demise, marking the first instances in which either sibling has faced direct legal action in the two-year saga. The Globe's Tim Kiladze writes that the two separate lawsuits allege negligence, fraudulent misrepresentation and breaches of fiduciary duty, among other things. The cases name multiple other Bridging officials as defendants, including David and Natasha Sharpe, the husband-and-wife duo who previously ran the lender, as well as Bridging's former chief financial officer, general counsel and chief compliance officer. The lawsuit filed by the receiver, PwC, alleges damages of $1.7-billion, while New York's BlackRock is seeking $75-million. Both parties have also asked a judge to approve an accounting or tracing order to track any funds that were wrongfully diverted into any type of property owned or registered by the defendants. The Ontario Securities Commission is pursuing fraud charges against David and Natasha Sharpe, and against Bridging's former chief compliance officer, Andrew Mushore.