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News Burst: Corel CEO charged with insider trading

ZDNN, US ZDNet US

Published: 15 Oct 1999 08:09 BST

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The Ontario Securities Commission also said it has charged Cowpland's personal holding company M.C.J.C. Holdings. The charges will be heard at the Ontario Court of Justice in Toronto on Nov. 22. If found guilty, Cowpland could face up to two years in jail, a fine of up to $1m and/or payment of three times any profits made.

Last month, in an interview with ZDNet UK's editor Richard Barry, Cowpland denied the case was ongoing saying, "This is old news. It's over. There is no further action, really."

Full story to follow

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