Shareholders File Lawsuit Against CINAR
On Wednesday, February 23, 2000, CINAR Corp., the creator of the Emmy
Award-winning ARTHUR, had a lawsuit filed against the company alleging they
artificially inflated its financial results by lying about the use of
Canadian tax credits. As reported [AF 10/19/99], allegations surfaced last
fall that CINAR only pretended to use Canadian authors for its scripts in
order to obtain tax credits. Canadian officials are investigating but no
charges have been filed. The early rumors sent CINAR stock plummeting to