Friday, September 9, 2011

Calvin Barry

Calvin Barry

Calvin Barry- Defence Lawyer

Mom, son fined $1M for insider trading
CBC News
Posted: Sep 2, 2011 2:25 PM ET

A mother and son from Mississauga will have to pay more than $1 million in fines and penalties after they were found guilty of profiting from insider trading on shares in the mother's company.

The Ontario Securities Commission settled with Helen and Paul Kuszper of Mississauga, Ont. on Friday. The two are accused of illegally trading in shares of Kingsway Financial Services Inc. in 2008.

The Kuszpers must give back all profits obtained of $321,772, pay an administrative penalty of $701,690 and pay costs of $30,000.

Mrs. Kuszper was a senior accountant in Kingsway’s investment reporting group. In April and May of 2008, she obtained information about the company's finances and tipped the information to her son before it was released to the public.
In one instance, she gave advance warning to her son that the company would report a $34.4-million net loss in the first quarter.

The two avoided major losses as the share price dropped more than $4 once the information became public, to $9.97 from $14.26.

"In this case, a company employee misappropriated confidential, material information and used it for her own gain and that of her son," OSC enforcement director Tom Atkinson said. "Such conduct is abusive of our capital markets and we will take action accordingly."

Internet and trading records indicated that the trading originated from a computer at Helen's business office, while Paul was living in Antigua, the OSC said.

Helen Kuszper is banned for life from trading securities and acting as an officer or director of a public company, while her son faces the same restrictions for at least 15 years.

With files from The Canadian Press

Calvin Barry

Trial dates set for Black’s son in harassment case
Timothy Appleby
From Wednesday's Globe and Mail
Published Tuesday, Aug. 30, 2011 12:44PM EDT

Trial dates have been set for Conrad Black's eldest son, Jonathan, who says he has been singled out for special attention and will plead not guilty to charges of criminal harassment, uttering threats and breaching bail conditions.

In an interview, Mr. Black said he wanted the case resolved as swiftly as possible, and insisted that only because of his father’s troubles has an otherwise ordinary domestic dispute been catapulted into the spotlight, and generated such prosecutorial zeal.

“I’m pleading not guilty to all these charges, and so we’ll see what happens,” he said. “I did not threaten anybody, nor do I think this should have been a police matter. … Why I get so much attention … I think I have the answer. It’s because my Dad is Conrad and he has a famous case.”

In a brief hearing at Toronto’s Old City Hall criminal court Tuesday morning, two days were set aside: Dec. 15 and Jan. 17.

The charges against the younger Mr. Black were laid in January, and stem from complaints by a former girlfriend that after their relationship ended, he threatened her and left unwanted text messages on her phone.

Mr. Black, a 33-year-old bond trader, was freed on bail while awaiting trial on those charges. Police allege that he then began harassing his ex-girlfriend’s new boyfriend; he was arrested and charged a second time in March.

He did not appear in court, although shortly before the hearing, his lawyer, Calvin Barry, said he expected his client would attend.

On Sept. 6, his father, Conrad Black, will return to prison in Florida, near Miami, where he is to complete the final 13 months of a reduced, 42-month term.

Convicted in 2007 of three counts of fraud and one count of obstruction of justice over the misappropriation of $6.1-million (U.S.) at Chicago-based Hollinger International Inc., the fallen media mogul, now 66, has always insisted he was innocent of the crimes with which he was charged. Lord Black described his long-running battles with the U.S. justice system as “idiotic nonsense” in a recent newspaper interview.

Calvin Barry

Tuesday, September 6, 2011

SUN NEWS- Calvin Barry
Explaining sentencing
September 1, 2011 10:33
Jack Tobin got a 3-year sentence for the drunk-driving death of his friend. Criminal laywer Calvin Barry explains the system and sentencing for drunk driving cases.