A federal judge declared a mistrial Wednesday after the jury deadlocked on whether a Southern California CEO gave insider trading tips about his company’s merger to retired Major League third baseman Doug DeCinces.
The jury hung 10 to 2 in favor of acquitting James Mazzo, former CEO of Advanced Medical Optics, of 16 insider trading charges and four perjury charges, according to the clerk for U.S. District Judge Andrew J. Guilford, who presided over the five-week trial. Guilford declared a mistrial.
via Jury Hangs in SoCal Insider-Trading Trial
