Federal prosecutors had alleged that Jesse H. Roberts III reaped a $700,000 profit from confidential information allegedly provided by his brother-in-law, Scott David Zeringue.
Roberts was found not guilty on one count each of securities fraud and conspiracy to commit securities fraud. He did not testify in his own defense. The jury deliberated for about eight hours Thursday. The trial began last week.
via Ruston dentist acquitted of insider trading related to sale of Shaw Group in Baton Rouge | theadvocate.com