Ex-Amaya CEO David Baazov’s insider trading trial to proceed

David Baazov’s insider trading trial will go ahead, after a Quebec judge refused to stay the charges against the former Amaya Gaming CEO.

On Monday, Provincial court Judge Salvatore Mascia rejected motions by Baazov’s attorneys to stay his charges due to the length of time it’s taken for prosecutors to bring his case to trial. The trial, which was supposed to get underway in December, also includes two other defendants, Yoel Altman and Benjamin Ahdoot.

In arguing for the stay, Baazov’s attorneys claimed prosecutors had waited until late September to dump 16m pieces of evidence in their laps, only 2m of which turned out to be specific to Baazov’s charges.

In December, Judge Mascia hinted that he was strongly considering the stay request. On Monday, he said “it was very close at home plate but at the end I accept the argument” of Quebec’s securities watchdog, the Autorité des marches financiers (AMF), that the trial should proceed.