Supreme Court of Canada (partially) upholds judgment against former Livent auditor

On December 20, Canada’s highest court released a hotly anticipated decision that is almost certainly the final act in the more than 20 year saga of a formerly pre-eminent theater company, Livent Inc. and an accounting fraud by its senior management. This was a fraud that, among other things led to the 2009 criminal conviction of Livent founders, Garth Drabinsky and Myron Gottlieb. Livent’s Receiver Manager sued former Livent auditor, Deloitte & Touche for issuing clean audit opinions and a comfort letter to potential investors in the face of numerous red flags indicating fraud by senior management that it said Deloitte ... [more] Full article
Casinos may be liable to victims of problem gamblers
The Ontario Court of Appeal has reinstated an action against the Ontario Lottery and Gaming Corporation (OLGC) brought by third party victims of a fraud committed by a problem gambler who ... [more] Full article
It’s Fraud Prevention Month – How Can You Protect Yourself From Fraud?
Julius Caesar was once warned to beware of the Ides of March. Unfortunately, consumers and businesses are at risk from fraudsters year round, not just in March, which the Competition ... [more] Full article
Tort of civil fraud requires proof of inducement, Supreme Court rules
The Supreme Court recently redefined the requirements to establish the tort of civil fraud (or tort of deceit) and held that proof that the defendant induced the plaintiff to act ... [more] Full article
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