David Baazov presumably has a decent lawyer working on his behalf and so they must have done some informed calculations about what his chances would be at trial, and so since Baazov is pleading not guilty leads me to believe that the government’s case against him must be pretty weak. This trial should be interesting. It took regulators a long time to search for information and make charges. I think this plea should be bullish for Amaya’s share price.
MONTREAL-The former head of online gaming company Amaya, two associates and three companies have pleaded not guilty to several securities-related charges following an investigation into allegations of insider trading, Quebec’s securities regulator said Monday.