Jailed Homestore CEO Fights Verdict In Investor Suit

Law360, New York (March 24, 2011, 2:44 PM EDT) -- Ex-Homestore Inc. CEO Stuart Wolff, who last year was sentenced to serve more than four years in prison for perpetrating a $67 million accounting fraud, asked a California federal court Wednesday to overrule a jury verdict finding him liable for investor losses stemming from the scheme.

In a motion for judgment as a matter of law filed in the U.S. District Court for the Central District of California, Wolff argued that evidence presented at trial did not support the jury's finding that his misstatements and not...
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