Posted AT 11:53 PM EDT on 14/05/08
Former executive testifies he told Livent to clean up the books
A former Livent Inc. employee told a Toronto court Wednesday that he tried to persuade the company's executives to clean up the books before Livent went public in 1993, but they refused.
Gordon Eckstein, who was Livent's vice-president of finance, told court the company's assets were overstated by about $6-million at the time Livent was planning an initial public offering on the Toronto Stock Exchange.
The full text of this article has 543 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | +96.97 | 13,809.77 |
| DJIA | +152.25 | 11,384.21 |
| S&P 500 | +21.39 | 1,273.70 |
| Nasdaq | +51.12 | 2,294.44 |
| Stock Profile | Sponsored by: |
|---|---|
 |
MOST POPULAR 
Most Popular
| Rank | Headline |
|---|---|
| 1. | Oil sands costs soaring? Add a 'superdome' 12:10 AM
|
| 2. | Say a prayer, buy low 08/07/08 8:04 PM
|
| 3. | TV networks losing ground to rival services 12:11 AM
|
| 4. | Shell shelves plan for Ontario refinery 08/07/08 10:16 PM
|
| 5. | Lewenza to take over as CAW chief 12:18 AM
|
| 6. | Alberta to spend $4-billion for emissions cuts 08/07/08 5:55 PM
|
| 7. | Central bank signals worst of credit woes over 08/07/08 12:53 PM
|
| 8. | Shell launches carbon-capture project 08/07/08 10:06 PM
|
| 9. | The new wireless world 08/07/08 10:12 AM
|
| 10. | WestJet strikes alliance with Southwest 08/07/08 6:33 PM
|
Law Page
- The BCE sale
- Old-fashioned deal making nailed it down
Video Pick
- Montie Brewer's take
- What $140-a-barrel oil means for Air Canada's future
Reguly in Europe
- Berlusconi's Viagra
- The dispute with architect Daniel Libeskind escalates
Nobody's Business
- Patricia Best LPGA stars tee off at Women's Charity Challenge
- Plus: A tell-you all book by Issy?
At the Top
- Craig Muhlhauser: A classic turnaround - with some twists
- Celestica's CEO in an exclusive video interview with Gordon Pitts
The Law Page
- A fading line
- Julian Porter on the fading line between free speech and libel
Incubator feature
- Improving cinema's financial picture
- How to bring more customers through the door of an independent movie house
1
Magazine
- Market correlation declining
- Over past year, U.S. stocks have slid, Canadians rallied
BARRIE McKENNA AND CAMPBELL CLARKHarper welcomes U.S. back into the fold
JOHN HEINZLOil hears our cries for mercy