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Livent Executives’ Fraud Convictions Are Upheld

  An appeals court on Tuesday upheld the fraud convictions of the Canadian impresario Garth H. Drabinsky and his former business partner, Myron I. Gottlieb. The two men, who founded and controlled the now-defunct production company Livent and brought shows like “Ragtime” and a revival of “Showboat” to Broadway, were convicted in 2009 of defrauding investors of about 500 million Canadian dollars ($501.2 million) through a complex system of kickbacks and by routinely altering the company’s financial statements. The Court of Appeal for Ontario, however, reduced the two producers’ prison sentences by two years. Mr. Drabinsky now faces a five-year sentence and Mr. Gottlieb a four-year sentence. Both men had been out on bail until Monday. As is customary in Canada, they were then jailed in advance of the appeals court’s ruling. While they may ask the Supreme Court of Canada for a further appeal, they do not have an automatic right to remain o...