Amaya Inc. founder and former chief executive officer David Baazov will face trial in November in Quebec on insider trading charges.
Judge Claude Leblond of the Quebec Court set a Nov. 20 start date for the trial, which is expected to last around 13 weeks, according to local media reports.
Baazov face charges of trying to influence the market price of Amaya while CEO and during the company’s purchase of PokerStars through the use of privileged information.
Quebec’s securities regulator, Autorité des marchés financiers has said it will call upon 50 witnesses to testify against Baazov.
Baazov took a voluntary indefinite paid leave of absence last year due to the charges. In November, he attempted to acquire Amaya, bidding about $4.1 million, but the bid was withdrawn as company shareholders sought a higher price.
