Deloitte & Touche has won dismissal from a securities class action stemming from disclosures that Livent Inc., the Canadian-based theatrical production company, used accounting artifices to overstate its income by more than $98 million (in Canadian dollars) over three years.
Southern District Judge Robert W. Sweet similarly dismissed damage claims for securities fraud against three outside directors of Livent, but ruled that the class action could proceed against four of the company’s executives, including the two men who founded Livent in 1989, Garth H. Drabinsky and Myron Gottlieb.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
