Wednesday, October 22nd11.4°C
23711
23004

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 TSX14312.07-235.64
S&P CDNX808.00-14.28
DJIA16461.32-153.49
Nasdaq4382.847-36.632
S&P 5001927.11-14.17
CDN Dollar0.8887-0.0008
Gold1242.30-3.20
Oil79.96-0.17
Lumber330.70+2.00
Natural Gas3.659+0.002

 
Okanagan Companies
Pacific Safety0.12+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.055-0.025
Anavex Life Sciences0.198+0.006
Metalex Ventures0.05+0.005
Russel Metals32.53-0.56
Copper Mountain Mining2.10-0.07
Colorado Resources0.145-0.005
ReliaBrand Inc0.013+0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.405-0.055

 





FEATURED Property
208481911482 Hare Road
4 bedrooms 3 baths
$595,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_








Member of BC Press Council


22771