Why R. Kelly may be playing on Garth Drabinsky's iPod.
Nearly 10 months after their trial for criminal fraud began, Livent founders Garth Drabinsky and Myron Gottlieb will finally learn their fate this Wednesday. The pair will return to a Toronto courtroom to hear if Justice Mary Lou Benotto thinks prosecutors ...
The governing body of Ontario’s chartered accountants has upheld an earlier ruling that found Livent’s former auditors guilty of professional misconduct. An appeal committee of the Institute of Chartered Accountants of Ontario (ICAO) ruled three senior accountants from Deloitte and Touche's Canadian arm—including the firm’s former chairman—violated professional accounting standards ...
The long awaited verdict in the criminal fraud trial of Livent founders Garth Drabinsky and Myron Gottlieb has been delayed one day and is now scheduled to be delivered on March 25. Justice Mary Lou Benotto, who is overseeing the trial without a jury, had told lawyers she would deliver ...
Garth Drabinsky and Myron Gottlieb got more bad news this morning as the Supreme Court of Canada announced it would not hear their appeal of a previous court decision ordering the pair to pay $36.6 million to former Livent note-holders. “We were always optimistic that we would get this result, ...
Garth Drabinsky and Myron Gottlieb will learn their fate on March 24 - the day Justice Mary Lou Benotto delivers her verdict in the criminal fraud trial of the two Livent founders. Benotto has overseen the trial - which began in May last year - without a jury.
Efforts by Livent founder Myron Gottlieb to pin the blame for a massive accounting fraud at the company on an elaborate conspiracy by lawyers, accountants and former company employees was dealt a legal blow earlier this week. For the second time, an Ontario court has dismissed a lawsuit filed by ...
David Roebuck had an unenviable task today as he kicked off the final defence oral argument in the criminal fraud trial of Garth Drabinsky and Myron Gottlieb. The quiet and methodical lawyer who—along with Edward Greenspan—is defending Drabinsky, had to convince Justice Mary Lou Benotto to ignore the reams of ...
The evidence against Livent founders Garth Drabinsky and Myron Gottlieb is “overwhelming” and the defence’s contention that the two executives are the victims of an elaborate frame-up is “preposterous,” prosecutors said in their final oral argument presented in court today.
it is not until the conclusion of Greenspan's argument that he even begins to address the questions raised in the first fraud count - that Drabinsky and Gottlieb manipulated Livent's financials prior to the company's initial public offering.The charges stem from a scheme concocted by Gottlieb where Livent's construction suppliers ...
At last we are getting into some discussion of the management executive summaries that clearly showed Livent was producing millions in losses, but reporting tens of millions in profits to shareholders and regulators. But rather than showing clear-cut evidence of fraud, those summaries are open to interpretation, the defence argues. ...