The Ontario Securities Commission adjourned the hearing against ATI Technologies Inc., company chairman K.Y. Ho, and several others linked to the graphics chip maker.

Although OSC staff opposed the respondents’ request for an adjournment, the OSC panel agreed to adjourn the hearing when it became clear that the hearing could not be completed in the time presently scheduled and could only be completed after a lengthy break between staff’s case and the respondents’ cases.

As a result, the panel adjourned the matter to commence on March 29, 2005 and to continue on scheduled days until June 3, 2005.

ATI is alleged to have failed to disclose material information on a timely basis and to have made a misleading statement to OSC staff.

Ho and his wife, Betty Ho; Jo-Anne Chang her husband, David Stone; and Mary de la Torre and her husband, Alan Rae are alleged to have committed illegal insider trading in a series of offshore transactions more than three years ago.

OSC staff alleged in January 2003 that activities by those six people resulted in more than $7.9 million in profits or avoided losses and triggered significant tax benefits.

ATI lawyer Sally Daub is also alleged to have made a misleading statement to staff at the OSC’s enforcement branch.