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Globe says OSC hearing panel may hear from Finkelstein

2014-10-01 08:00 ET - In the News

The Globe and Mail reports in its Wednesday edition a lawyer for former Bay Street lawyer Mitchell Finkelstein suggested Tuesday his client will take the witness stand in his own defence. The Globe's Janet McFarland writes Gordon Capern told an Ontario Securities Commission hearing panel Mr. Finkelstein will explain he read the documents in his firm's computer system to find precedents he could use in other cases he was working on. Mr. Finkelstein, a high-profile former partner in the mergers and acquisitions practice at Davies Ward Phillips, is accused of tipping his long-time friend Paul Azeff about six takeover deals being worked on by his firm. On Tuesday, Mr. Capern cross-examined the OSC's first witness, Davies's general counsel Mark Connelly, who worked with Mr. Finkelstein on merger deals between 2004 and 2007 when the alleged tipping and trading occurred. Mr. Connelly acknowledged that many other lawyers at Davies besides Mr. Finkelstein accessed files related to the takeover deals. Also Tuesday, OSC forensic accountant Sherry Brown testified that Mr. Azeff "minimized" his friendship with Mr. Finkelstein when interviewed by OSC staff, but their e-mails suggested they were close friends.

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