Baseball Star’s Inside-Trading Trial Wrapping Up — Courthouse News

A federal prosecutor and a defense attorney Tuesday gave jurors vastly different explanations of how former Major League Baseball star Doug DeCinces and 14 of his friends and family came to buy a stock in a medical device company days before it was acquired, more than doubling its share price.

DeCinces, a power-hitting third baseman for the Baltimore Orioles and California Angels, has been on trial for seven weeks on charges of inside trading in shares of Advanced Medical Optics. On trial with him are former company CEO James V. Mazzo and David L. Parker, a DeCinces friend.

via Baseball Star’s Inside-Trading Trial Wrapping Up — Courthouse News