Canada: Sentencing Hearing Begins for Livent Co-Founders

In Canada, Crown Attorneys told the court that Livent Inc. co-founders Garth Drabinsky and Myron Gottlieb, convicted in late March of fraud and forgery related to the company’s accounting scandal, should receive sentences of 8 to 10 years.

The sentencing hearing is scheduled to run today and Tuesday. The Globe and Mail reports that under the sentencing guidelines, the two counts of fraud for which the co-founders were convicted each carry a maximum jail term of 10 years while the maximum sentence for forgery is 14 years.

Read the Globe and Mail article