After the Three Rivers Regatta was abruptly canceled in August, officials put the blame on the event-management group in charge of organizing it — Pittsburgh-based LionHeart Event Group.

“The blame is solely with LionHeart. Other vendors were ready to proceed,” said Three Rivers Regatta board member Charles Scholz at the festival cancellation announcement on Aug. 1.

Now, according to Pittsburgh media reports, LionHeart is filing for bankruptcy. WPXI reported Monday LionHeart has between $500,000 and $1 million in liabilities, while TribLive reported the company had less than $50,000 in assets. WPXI also reported in August that LionHeart still owed Allegheny County $32,000 for event security.

Following the cancellation in August, the Three Rivers Regatta board and local law enforcement quickly launched investigations of potential criminal wrongdoing on the part of LionHeart.

Officials blamed the cancellation on LionHeart’s failure to acquire the insurance for the regatta vendors. Scholz told the City Paper in August that the Regatta board was considering adopting policies to safeguard against future last-minute cancellations.

In addition to failing to acquire insurance, Pittsburgh Mayor Bill Peduto said in August that LionHeart failed to make necessary payments to the Pittsburgh Police in 2018 and 2019.

This year was the first time since 1978 that Pittsburgh did not host the Three Rivers Regatta.

LionHeart Event Group is not unknown to Butler County. The Eagle reported in April 2017 the company canceled the LionFire Festival at Cooper’s Lake less than a month before the festival. The fireworks festival was set to replace PyroFest as the county’s premier Memorial Day fireworks show after PyroFest announced it would not return.

The Eagle reported at the time the cause of the cancellation was a split between executives at New Castle-based Pyrotecnico and LionHeart Event Group (formerly Peony Entertainment), the companies that provided the fireworks for PyroFest. LionHeart Event Group was a subsidiary of Pyrotecnico before breaking off into its own company in early 2017.

Butler Eagle staff contributed to this report.