So much for the "conditional sentences" featuring lectures at business and theatre schools proposed by the Livent co-founders following their convictions.
Today, Ontario Superior Court of Justice Mary Lou Benotto surprised many observers by handing down harsh prison sentences to the two co-founders of Livent Inc. The judge sentenced Garth Drabinsky to seven years in jail and his partner Myron Gottlieb to a six-year term for their roles in the company's accounting fraud.
The Financial Post reports that both men are expected to be released on bail by mid-afternoon Wednesday pending appeal of the convictions and sentence.
As discussed here, some Canadian legal experts predicted that under Canada's more lenient sentencing precedents, the judge was likely to sentence the pair to just two or three years, with anything over four years being "unrealistic."
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