The company’s two founders – Garth Drabinsky (chief executive) and Myron Gottlieb (president) – and two other executives were charged with falsifying the financial statements at Livent and misrepresenting its financial health, according to a report in the FT.
They have also been charged in the US with conspiracy and securities fraud. The two other executives named are Gordon Eckstein, former vice-president of finance and Robert Topol, the former chief operating officer.
The charges relate to accounting irregularities from 1989 to 1998, and represent Canada’s first high-profile response to serious financial crime, in the wake of accounting disasters across the border in America.
Livent, a live theatre company with venues in Toronto, Vancouver, New York and Chicago collapsed in 1998.
Both men have repeatedly denied any wrong-doing.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars