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Securities-related trial underway in Montreal for ex-Amaya CEO David Baazov

The securities-related trial of former Amaya CEO David
Baazov and others accused of insider trading is underway at the
Montreal courthouse.
The securities-related trial of former Amaya CEO David Baazov and others accused of insider trading is underway at the Montreal courthouse. THE CANADIAN PRESS/Graham Hughes

The securities-related trial of former Amaya CEO David Baazov and others accused of insider trading is underway at the Montreal courthouse.

READ MORE: Founder David Baazov and foreign partners make $24-per-share offer for Amaya

It is opening with a request by the defence to have the case tossed due to unreasonable delays in getting evidence.

READ MORE: CEO of online gaming company Amaya faces charges of market manipulation

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Baazov has pleaded not guilty to securities-related charges following an investigation into allegations of insider trading by Quebec’s stock market regulator.

READ MORE: Montreal-based Amaya backs bid for owner of online gaming company Partypoker

He is charged with five counts, including influencing or attempting to influence the market price of Amaya’s securities.

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READ MORE: Investigator to face tough questions as Amaya insider trading trial resumes

Two other people, Yoel Altman and Benjamin Ahdoot, and three companies face 18 additional charges stemming from the regulator’s investigation.

READ MORE: One person to be dropped from allegations of insider trading with ex-Amaya CEO

The alleged privileged information comes from acquisitions that include the 2014 deal for PokerStars that transformed the former Montreal firm into the world’s largest online poker company.

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