Credit Pacific Service Union By Hartley Bernstein
(AXcess News) Could the third time be the charm for former Credit Suisse First Boston investment banking star, Frank Quattrone A federal appeals court raised that possibilitylast week when it tossed out Quattrone's 2004 conviction on obstruction of justice charges. His first trial, in 2003, ended with a divided jury. In a unanimous ruling, a federal appellate panel ruled that jury instructions were "flawed, " and chided Judge Richard Owen, who presided over the Quattrone trial, for making comments which went "beyond mere impatience or annoyance with the defense."
Credit First Service Union (AXcess News) New York - Could the third time be the charm for
former
Credit Suisse First Boston
investment banking star, Frank Quattrone? A
federal appeals court raised that possibilitylast week when it
tossed out Quattrone's 2004 conviction on obstruction of justice
charges. His first trial, in 2003, ended with a divided
jury.
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Card Credit Mobile Service In a unanimous ruling, a federal appellate panel ruled that jury
instructions were "flawed," and chided Judge Richard Owen, who
presided over the Quattrone trial, for making comments which went
"beyond mere impatience or annoyance with the defense."
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Card Credit Discover Service Quattrone gained prominence as a leading rainmaker for
mega-Internet IPOs. The
government's charges against him
arose out of an investigation into the allocation of IPO shares
during the red-hot IPO bubble of the 1990s. In December 2000,
Quattrone, while regulators were investigating possible IPO
irregularities, Quattrone circulated an e-mail reminding
colleagues to clean up their files. Prosecutors claim that he
did so to obstruct their investigation.
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Credit Public Service Union The flawed jury instructions permitted jurors to find the
investment banker guilty without first determining whether he knew
he was obstructing a federal investigation.
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Card Credit Processing Service Prosecutors have not indicated whether they plan to bring
Quattrone to trial a third time.
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