Trial
Stewart's trial was initially set for January 12, 2004, at the request of her lawyers who said they needed more time to analyze the evidence. The trial eventually began on January 20 in New York City presided over by U.S. District Judge Miriam Goldman Cedarbaum. During the trial, Stewart maintained her innocence.
On February 27, 2004, Judge Cederbaum threw out the charge of securities fraud which could have led to up to ten years in prison and a $1 million fine. The judge found that "no reasonable juror can find beyond a reasonable doubt that the defendant lied for the purpose of influencing the market for the securities of her own company."
Read more about this topic: Im Clone Stock Trading Case
Famous quotes containing the word trial:
“I have proved by actual trial that a letter, that takes an hour to write, takes only about 3 minutes to read!”
—Lewis Carroll [Charles Lutwidge Dodgson] (1832–1898)
“Looks like we got a trial ahead of us. But it’s not the first time. We’ve had to go it alone before, and we’ll have to go it alone again. We’re tough. We’ve had to be tough ever since Brother Brigham led our people across the plain. Well, they survived and I dang it, we’ll, well, we’ll survive too. Now put out your fires and get to your wagons.”
—Frank S. Nugent (1908–1965)
“Every political system is an accumulation of habits, customs, prejudices, and principles that have survived a long process of trial and error and of ceaseless response to changing circumstances. If the system works well on the whole, it is a lucky accident—the luckiest, indeed, that can befall a society.”
—Edward C. Banfield (b. 1916)