Stay request at insider trading trial for ex-Amaya CEO David Baazov, others
MONTREAL — Even before the first witnesses could be heard at a rare insider trading case that involves former Amaya CEO David Baazov and others, lawyers representing the accused attemped Monday to have the charges stayed.
Baazov, 37, has pleaded not guilty to securities-related charges following an investigation by the Autorite des marches financiers, Quebec’s stock market regulator, into the allegations of insider trading.
He is charged with five counts, including influencing or attempting to influence the market price of Amaya’s securities.
Two other people, Yoel Altman and Benjamin Ahdoot, and three companies face 18 additional charges stemming from the regulator’s investigation and have also pleaded not guilty.