2nd Circ. Upholds Monster Exec's Conviction

Law360, New York (March 9, 2011, 3:39 PM EST) -- Former Monster Worldwide Inc. executive James Treacy lost a bid Wednesday to reverse his stock options backdating conviction, but won the recalculation of a $6.3 million restitution penalty.

In a ruling Wednesday, a three-judge panel of the U.S. Court of Appeals for the Second Circuit upheld a lower court's conviction of Treacy on one count of conspiracy to commit securities fraud and one count of substantive securities fraud.

Treacy claimed in his bid for reversal of the conviction that he was denied a constitutional right to...
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