US Asks 2nd Circ. To Uphold Smart Online CEO's Conviction

Law360, New York (September 20, 2011, 7:22 PM EDT) -- The government on Tuesday urged the Second Circuit to uphold a former Smart Online Inc. CEO's conviction for bribing stockbrokers to buy shares in the company, and to reject his argument that the U.S. Supreme Court's Skilling ruling saves him.

Dennis M. Nouri, who was sentenced in May 2010 to eight years in prison for the stock price manipulation, wants the appeals court to overturn eight counts of his nine-count conviction. Nouri and co-conspirators allegedly paid brokers a per-share commission to push Smart Online stock on...
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