Wednesday, August 27th32.4°C
22663
22372

Law society revokes Garth Drabinsky's licence over fraud convictions

TORONTO - Ontario's law society has revoked disgraced theatre impresario Garth Drabinsky's licence to practice law.

He and business partner Myron Gottlieb served several years in prison for a fraud that ultimately resulted in the demise of now-defunct Livent Inc. — the company behind such hits as "Phantom of the Opera" and "Ragtime."

Drabinsky, who was called to the bar in 1975, admitted to the Law Society of Upper Canada that his conduct was unbecoming of a licensee.

He had already agreed not to practise law since his fraud convictions, but argued that his self-imposed suspension and restrictions on his practice should suffice as punishment.

Drabinsky told the law society that his law licence was one of the few assets he had left that he could use to "climb out of the abyss" of the past 15 years, referring to when the company went bankrupt.

But the law society ordered that his serious criminal offences mandated the penalty of revocation.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15602.65-16.56
S&P CDNX1019.343.98
DJIA17122.0115.31
Nasdaq4569.622-1.015
S&P 5002000.12+0.10
CDN Dollar0.9213+0.001
Gold1281.70-2.1001
Oil93.74-0.14
Lumber347.10-2.10
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.20+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.07+0.005
Anavex Life Sciences0.24-0.01
Metalex Ventures0.08+0.005
Russel Metals36.60-0.02
Copper Mountain Mining2.96-0.07
Colorado Resources0.18+0.005
ReliaBrand Inc0.115+0.02
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.24-0.01

 



22439

FEATURED Property
2051133Mahood Lake Road
2 bedrooms 1 baths
$269,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...


What is a journey without a destination?

Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...


Joint accounts: what you need to know!

Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...

_








Member of BC Press Council


22854