Read The Recorder‘s roundup of the stock-option backdating scandal. There won’t be a test later … but there might be a subpoena.
Breyer has already denied a defense motion to acquit. In it, Little had argued that the government didn’t come close to showing that Jensen had the knowledge and intent necessary to commit the crimes.
“It failed to prove that Ms. Jensen knew ‘GAAP’ was anything other than a clothing store, let alone that she had any understanding of what GAAP required for accounting for stock options,” Little wrote. “The government’s evidence has only shown that, like the HR witnesses called on its behalf, Ms. Jensen did not appreciate the ramifications of doing what her bosses told her to do.”
Breyer asked the defense to file its motion for a new trial within the next 10 days, and scheduled Jensen’s sentencing for March 12.
