David Baazov, the former CEO of Canadian online gaming giant Amaya, has pleaded not guilty to charges for offences relating to allegations of insider trading, the securities regulator for the Canadain province of Québec has said.
Baazov was charged in March with five offences, including aiding with trades while in possession of privileged information, influencing or attempting to influence the market price of the securities of Amaya and communicating privileged information.
The former CEO submitted a plea in writing, said Sylvain Theberge, spokesman for regulator AMF.
The charges relate to the alleged use of privileged information when trading company shares between December 2013 and the June 2014 announcement of a US$4.9bn deal to acquire the Oldford Group, owner of the PokerStars and Full Tilt brands.
Source: Toronto Star
