Law360, New York (March 2, 2009, 12:00 AM EST) -- In a blow to two former ClearOne Communications Inc. officials, a federal jury has doled out nine convictions to the company's ex-chief executive and one conviction to a former financial officer for their roles in an alleged scheme to inflate the technology firm's revenue and boost its stock price.
Frances Flood, ClearOne's former CEO, was found guilty on all nine counts against her, including securities fraud, conspiracy, making false representations to an accountant and perjury, according to a verdict form filed Friday in the U.S. District...
Jury Hands Down ClearOne Convictions
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