Quattrone Ruling Deals Blow To Corporate Crime Fighters

Law360, New York (March 21, 2006, 12:00 AM EST) -- First Arthur Anderson, now Frank Quattrone: as the government’s crackdown on corporate malfeasance continues, judges and prosecutors alike may be left wondering whether the forest is being missed for the trees.

Dealing a stinging blow to the Justice Department, a federal appeals court this week has tossed Quattrone’s obstruction of justice conviction due to erroneous jury instructions.

Prosecutors initially charged Quattrone with thwarting federal probes into how Credit Suisse First Boston Corp. sold hot shares of initial public offerings during the tech boom. Quattrone’s company took...
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