On November 4, 2008, Justice Shamai of the Ontario Court of Justice released reasons in R. v. Landen, an insider trading and tipping case brought pursuant to sections 76(1) and 76(2) of the Ontario Securities Act. Justice Shamai found the defendant, Barry Landen, guilty of selling securities of Agnico-Eagle Mines Limited ("Agnico-Eagle") while in possession of material undisclosed information. Mr. Landen was acquitted of tipping his friend, Stephen Diamond, of material undisclosed information and Mr. Diamond was accordingly acquitted of engaging in insider trading himself.

type Brokers' Report - January 2009 - Ontario Court of Justice