Im Clone Stock Trading Case - Trial

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."

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Famous quotes containing the word trial:

    For he is not a mortal, as I am, that I might answer him, that we should come to trial together. There is no umpire between us, who might lay his hand on us both.
    Bible: Hebrew, Job 9:32-33.

    Job, about God.

    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)

    In government offices which are sensitive to the vehemence and passion of mass sentiment public men have no sure tenure. They are in effect perpetual office seekers, always on trial for their political lives, always required to court their restless constituents.
    Walter Lippmann (1889–1974)