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A divided 2nd Circuit has upheld a judge's decision throwing out a guilty verdict against a computer company executive who was convicted of insider trading in connection with a tender offer. The two-judge majority agreed the government had failed to meet its burden in the trial of John Cassese, the former president of Computer Horizons. But Judge Reena Raggi disagreed on the sufficiency of the evidence and also took issue with the lower court over the government's burden in showing "willfulness."
October 26, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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