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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.