TORONTO — Former head of Livent Garth Drabinsky, on trial here for criminal charges of fraud and forgery, won’t know the final verdict until March 24, but the Supreme Court of Canada dealt him a blow Thursday.
Drabinsky and partner Myron Gottlieb were denied permission to appeal a lower court ruling against them.
A U.S. District Court had previously ordered the two men to pay back funds to investors who lost their money when legit producing org Livent went bankrupt. The amount, with interest, would total north of $36 million.
The Ontario Superior Court ruled this amount was collectable in 2007, but Drabinsky and Gottlieb appealed. The Supreme Court of Canada’s decision is now final, making the two men responsible for the full amount.