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Quattrone Conviction Overturned

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At a glance:

The obstruction of justice conviction of investment banker Frank Quattrone was overturned by a US Appeals Court in March 2006.
 
The case centered around his underwriting of IPOs during the dot-com boom.
 
Email evidence suggested that Quattrone had attempted to hinder the federal investigation into IPO procedures.
 
The conviction was overturned on the basis of improper jury instructions.
 
A new trial is expected.
 

Court Tosses Conviction of Internet Stock Boom King

Vancouver Sun - 3/21/2006 8:30 AM

The obstruction of justice conviction of investment banker Frank Quattrone was overturned by a US Appeals Court in March 2006.
 
The case centered around his underwriting of IPOs during the dot-com boom.
 
Email evidence suggested that Quattrone had attempted to hinder the federal investigation into IPO procedures.
 
The conviction was overturned on the basis of improper jury instructions.
 
A new trial is expected.
 
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