Convicted Producer Garth Drabinsky Denied Full Parole

According to the Hollywood Reporter, former Livent executive Garth Drabinksy has been denied full parole in because he was unable to "assure authorities his current business ventures do not risk a return to fraudulent activities." Drabinsky and his business partner Myron Gottlieb were convicted of two counts of fraud in 2009 after misreporting Livent's quarterly financial statements after the company went public, from 1993 to 1998. Gottlieb received a four-year sentence.

A National Parole Board panel was held yesterday, December 2, and Drabinsky attended via teleconference. He told the panel: "There is nothing on this Earth to move me to do something that would affect my liberty ever again. I can't go through what I've gone through for 15 years - this has been beyond the word devastating to me." He continued: "I without question was involved with fraudulent activities."

Another National Parole Board hearing is set for early 2014.

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Livent was one of North America's biggest Live Theatre companies in the 1990s but has since gone out of business. The company had produced such Broadway shows as Ragtime, Showboat, The Phantom of the Opera and Kiss of the Spider Woman.