Deadlock Leads To 2nd Mistrial In Vitesse Book-Cooking Case

Law360, New York (February 20, 2013, 3:25 PM EST) -- A New York federal judge on Wednesday declared a mistrial in the criminal case against two former Vitesse Semiconductor Corp. executives accused of cooking the books to hide a revenue slump, after the second jury to hear the case deadlocked.

Shortly before noon U.S. District Judge Paul Crotty declared a mistrial in the case against former Vitesse CEO Louis Tomasetta and former Chief Financial Officer Eugene Hovanec.

Prosecutors charged in a single conspiracy count that the two defendants had presided over a scheme to count revenue...
To view the full article, register now.

Related

Sections

Case Information

Case Title

USA v. Tomasetta et al


Case Number

1:10-cr-01205

Court

New York Southern

Nature of Suit

Date Filed

December 6, 2010

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.