|For immediate release||October 9, 2001|
Law Society releases discipline decision
VANCOUVER – Pursuant to its statutory duty to govern B.C.'s legal profession in the public interest, the Law Society of B.C. has issued the following discipline decision.
Richard Coglon (called in 1987, became non-practising January 1, 1999), of Vancouver, was found not to have committed professional misconduct, but to have breached the Professional Conduct Handbook, by:
- Preparing an offering memorandum for International Power Corporation (IPC) and assisting IPC to raise funds at the same time he was acting for John Laxton, a principal of IPC, in a conflict between the duty of loyalty he owed to his client IPC and the duty of loyalty he owed to his client John Laxton, contrary to Chapter 6, Rule 1 of the Professional Conduct Handbook.
- Continuing to perform legal services for IPC when relatives of Mr. Coglon had a financial interest in IPC, Contrary to Chapter 7, Rule 1 of the Professional Conduct Handbook.
Mr. Coglon's discipline hearing will continue with a penalty hearing to determine the appropriate penalty. A date for the penalty hearing has not yet been set. The range of penalties available is set out in Rule 4-35 of the Law Society Rules and includes a reprimand, a fine not exceeding $20,000, suspension or disbarment.
Both Mr. Coglon and the Law Society have the right to appeal the decision.
Mr. Coglon has been a non-practising member of the Law Society since January 1, 1999.
For more information on the regulation and discipline of lawyers see the Legal Profession Act, the Law Society Rules and the Professional Conduct Handbook.
Discipline hearings are generally open to the public; please check with the Law Society prior to the hearing if you wish to attend. A list of upcoming hearings is available on the Law Society's website.
Law Society of B.C. media contact:
Brad Daisley, Public Affairs Manager
Office: 604-443-5724 or 1-800-903-5300 toll-free in B.C.