Federal prosecutors this week dropped perjury and insider trading charges against former Advanced Medical Optics CEO James Mazzo related to AMO’s $2.8 billion acquisition by Abbott (NYSE:ABT) in 2009 in light of two hung juries, according to court documents. Judge Andrew Guilford for the U.S. District Court for the Central District of California ordered a dismissal with prejudice for Mazzo this […]
Ex-AMO chief Mazzo settle insider trading charges for $1.5m
Former Advanced Medical Optics CEO James Mazzo and the U.S. Securities & Exchange Commission agreed to settle insider trading charges related to AMO’s $2.8 billion acquisition by Abbott (NYSE:ABT) in 2009, after two previous trials ended in hung juries. Mazzo agreed to pay $1.5 million but admitted no wrongdoing in the settlement, the SEC said. Federal prosecutors in 2014 accused Mazzo of tipping a close […]
Ex-AMO chief Mazzo must face third insider trading trial
Former Advanced Medical Optics CEO James Mazzo must face a third trial on insider trading charges related to AMO’s $2.8 billion acquisition by Abbott (NYSE:ABT) in 2009, after two previous trials ended in hung juries. Federal prosecutors in 2014 accused Mazzo of tipping a close friend and neighbor, former Orioles player Doug DeCinces, about the then-pending merger (Abbott subsequently sold the business to Johnson & Johnson (NYSE:JNJ) […]
Ex-AMO chief Mazzo wins second mistrial in insider trading case
Former Advanced Medical Optics CEO James Mazzo this week reportedly won a second mistrial on insider trading charges relating to AMO’s $2.8 billion acquisition by Abbott (NYSE:ABT) in 2009. Federal prosecutors in 2014 accused Mazzo of tipping a close friend and neighbor, former Orioles player Doug DeCinces, about the then-pending merger (Abbott sold the business to Johnson & Johnson (NYSE:JNJ) for $4.33 billion last year). […]
Ex-baseball pro DeCinces testifies in insider trading trial
Former professional baseball player Doug DeCinces reportedly testified this week in the second trial of friend and neighbor James Mazzo, the former Advanced Medical Optics CEO accused of insider trading ahead of Abbott‘s (NYSE:ABT) $2.8 billion AMO acquisition in 2009. Federal prosecutors in 2014 accused Mazzo of tipping former Orioles and Angels player DeCinces about the upcoming merger (Abbott sold the business to Johnson & […]
Ex-AMO chief Mazzo seeks dismissal in retrial of insider trading case
Former Advanced Medical Optics CEO James Mazzo wants a federal judge to dismiss his retrial on insider trading charges after the first round ended in a mistrial, alleging prosecutorial misconduct. Federal prosecutors argue that Mazzo can’t prove any of his allegations, according to documents filed with the U.S. District Court for Central California. The feds in 2014 accused […]
Judge declares mistrial in insider trading case against ex-Advanced Medical Optics CEO Mazzo
A federal judge in California last week declared a mistrial after a jury deadlocked over the insider trading charges leveled against former Advanced Medical Optics CEO James Mazzo. The jury convicted former Orioles player Doug DeCinces and friend and a business associate on charges of tender offer fraud, but deadlocked on some of the charges against […]
Defendants move for acquittal in Abbott-Advanced Medical Optics insider trading case
The defendants in an insider trading case yesterday asked a federal judge in California to acquit them of all charges, arguing that the government failed to show any evidence that they traded on inside dope about Abbott‘s (NYSE:ABT) $2.8 billion acquisition of Advanced Medical Optics in 2009. Federal prosecutors in 2014 accused ex-Advanced Medical Optics chief James Mazzo of tipping […]
Former AcuFocus CEO Mazzo moves to head Ophthamology at Zeiss | Personnel Moves, July 28, 2016
Former AcuFocus CEO Mazzo moves to head Ophthamology at Zeiss Carl Zeiss Meditec (ETR:AFX) said this week it tapped ex-AcuFocus CEO James Mazzo as the global president of its ophthalmology business as well as managing the entire company’s U.S. sales and service center. Mazzo comes from a 3-year run as president and CEO at AcuFocus, where […]
Ex-AMO CEO Mazzo wants stay in insider trading case pending Supreme Court decision
James Mazzo, the former Advanced Medical Optics CEO who was indicted 2 years ago, wants a federal judge to agree to a stay pending a U.S. Supreme Court decision this fall over issues he claims could affect the insider trading charges alleged in his case. Mazzo was indicted in September 2014, stemming from Abbott‘s (NYSE:ABT) $2.8 billion […]
Judge: Ex-AMO CEO Mazzo can keep lawyers
A federal judge this week denied federal prosecutors’ request to disqualify the law firm representing former Advanced Medical Optics CEO James Mazzo, despite misrepresentations by a former lawyer for Skadden Arps Slate Meagher & Flom. Mazzo was indicted in September 2014 on insider trading charges stemming from Abbott‘s (NYSE:ABT) $2.8 billion acquisition of AMO in 2009. Prosecutors accused Mazzo of tipping […]
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