Posted AT 11:53 PM EST on 14/05/08
Former executive testifies he told Livent to clean up the books
A former Livent Inc. employee told a Toronto court Wednesday that he tried to persuade the company's executives to clean up the books before Livent went public in 1993, but they refused.
Gordon Eckstein, who was Livent's vice-president of finance, told court the company's assets were overstated by about $6-million at the time Livent was planning an initial public offering on the Toronto Stock Exchange.
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