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    Default Legal 'fumble' could derail Baazov trial

    Quebec's securities regulator, the Autorité des marchés financiers​ (AMF), appears to have shared more than 300,000 privileged documents with the defense in its court fight against former Amaya CEO David Baazov for insider trading, and now his lawyers are asking for the charges to be stayed, accusing the AMF and its lawyers of an "abusive procedure."

    From CBC News in Canada:

    On May 15, lawyers for the AMF wrote an email to the defence explaining the problem.

    "Following certain verifications, the AMF has noted that some of the divulged elements ... are potentially privileged," the email reads.

    "As a result, we ask the judge to make an order so that they are also removed from the disclosures," it continues.
    The defence soon filed a motion requesting a stay of charges for all defendants.

    The Amaya Gaming Group, which was headquartered in Montreal before its name was changed to The Stars Group Inc. and it moved to Toronto, acquired Pokerstars and Full Tilt Poker for $4.9 billion.

    "The defendants — who are entering week six of a trial which will require at least 12 more weeks before the parties complete their proof — will no longer have access to more than 320,000 documents which had been disclosed to them," the motion reads.

    "Denying access to the defendants of such evidence in the middle of an ongoing trial violates their fundamental constitutional rights," it continues.

    "The repeated errors committed by the AMF in matters wholly within its control [lead] to the inevitable conclusion that only a stay of proceedings can put an end to these abusive proceedings," it concludes.
    The judge will consider the request at a hearing on Thursday.

    Read more here:

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    Insider trading is a very serious crime and he'll need a miracle to get him out of this one.

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