Montréal - Justice of the Peace Marie-Claude Bélanger of the Court of Québec, district of Rouyn-Noranda, recently ordered the proceedings instituted by the Autorité des marchés financiers (the "AMF") regarding Alain Valiquette to be stayed due primarily to the systemic delays in this case.
The decision is further to a motion to stay proceedings filed by Alain Valiquette and a Superior Court judgment rendered in August 2011 which quashed the guilty verdict for 24 charges handed down in May 2010 and ordered a retrial. The AMF initially took penal proceedings in this matter in May 2008.
The Autorité des marchés financiers (the AMF) is the regulatory and oversight body for Québec's financial sector.
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