Livent Inc. convictions upheld

The Ontario Court of Appeal has upheld fraud convictions against former theatre chiefs Garth Drabinsky, 61, and Myron Gottlieb, 68, but reduced their prison sentences by two years. That means at a maximum that Drabinsky faces five years and Gottlieb four years. It isn’t likely they will serve the whole of their terms. They had previously been convicted of fraud and sentenced by Superior Court Justice Mary Lou Benotto. They had, the court concluded, used the corporation, Livent Inc.. to defraud the public of some $500 million in loans and investments.