A law student working at Davis LLP in Calgary has concluded that it may be safer to work at an unsuccessful company than a successful one when dealing with the Alberta Securities Commission.
The case that caught the attention of Keenan Woods, a student-at-law, involved former Daylight Energy Ltd. chief executive Anthony Lambert. Beyond the somewhat amusing conclusion of the aspiring lawyer, who spelled out the details that led to his assessment in a note penned last week, the resolution of the Lambert case is adding to a sense in the legal community that following the “letter of the law” may not be enough to avoid regulatory sanction when it comes to inside trading.
Barbara Shecter – Financial post – October 8, 2013.
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