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Browse: Home / 2009 / June / 18 / Supreme Court Rules Former Enron Exec Cannot be Retried for Insider Trading

Supreme Court Rules Former Enron Exec Cannot be Retried for Insider Trading

By Securities Docket on June 18, 2009, 1:13 pm

The U.S. Supreme Court ruled today in a 6-3 decision that former Enron Broadband Services executive F. Scott Yeager cannot be retried for insider trading because such a retrial would violate the Double Jeopardy Clause of the Constitution.

As previously discussed here, Yeager, was was acquitted of conspiracy, securities fraud and wire fraud charges after a 13-week trial in 2005, but the jury deadlocked on charges of insider trading and money laundering. Prosecutors had sought a second trial on those deadlocked counts.

As summarized by SCOUTUSBlog, the Court held that “if a jury finds an individual not guilty on some counts, but can’t agree on the others, prosecutors may not try that individual again on the ‘hung’ counts if they had a common element with those on which the jury acquitted.”

Read the Court’s opinion in Yeager

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Posted in Criminal | Tagged Appellate, Insider Trading, Supreme Court

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