Securities,
Criminal
Apr. 18, 2019
Federal judge dismisses insider trading convictions
No explanation for the dismissal has been given, but prosecutors last year acknowledged exonerating testimony from a former co-defendant.
SANTA ANA -- A U.S. judge granted prosecutors' request to dismiss the insider trading indictment of a former Orange County businessman, vacating three felony convictions returned by a jury nearly two years ago.
The move on Wednesday ended the criminal case nearly a year after prosecutors acknowledged a co-defendant's proclamation of the businessman's innocence.
U.S. District Judge Andrew J. Guilford's one...
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