SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CHRZ - What is the near term outlook?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hoatzin who wrote (437)11/13/2003 9:08:46 PM
From: TEDennis  Read Replies (1) of 443
 
Computer Horizons former CEO's conviction reversed

SAN FRANCISCO, Nov 13 (Reuters) - A conviction for insider trading against John Cassese, the former chief executive officer of technology services company Computer Horizons Corp. (NasdaqNM:CHRZ - News), was overturned on Thursday, according to a statement from his lawyer.

Cassese, who left Computer Horizons in April, was convicted of insider trading in the Southern District of New York in October.

According to a statement from Latham & Watkins, the law firm that is representing Cassese, Judge Robert Sweet vacated the judgment of conviction, saying the government had failed to establish that Cassese acted with criminal intent.

Cassese was negotiating a potential sale of Mountain Lakes, New Jersey-based Computer Horizons to Compuware Corp. (NasdaqNM:CPWR - News) when Compuware began negotiating to buy Data Processing Resources Corp. (Nasdaq:DPRC - News) instead.

The case had centered on Cassese's purchase and sale of stock of a company Data Processing Resources, which the government said were based on inside knowledge of the transaction.

Cassese settled with the Securities and Exchange Commission (News - Websites) for $300,000 in 2002 on insider trading charges related to the same transaction. He neither admitted nor denied any wrongdoing.

biz.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News