Canadian Mining CEO Found Guilty Of Insider Trading

Law360, New York (November 18, 2010, 7:49 PM EST) -- A provincial court in Canada has found the CEO of mining company Consolidated Thompson Iron Mines Ltd. guilty of four criminal charges related to insider trading, the company said Thursday.

A judge in the Court of Quebec ruled that Richard Quesnel, president and chief executive officer of Consolidated Thompson, broke provincial securities laws by buying 30,000 shares of company stock while in possession of privileged information, according to the company.

The bench ruling found Quesnel guilty of two counts each of violating Section 187 and Section...
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