(Reuters) - A California jury on Wednesday cleared former Chicago Bears wide receiver Willie Gault of intentionally defrauding investors in a scheme to inflate the price of stock in the heart-monitoring device company Heart Tronics [HRTT.PK].
The jury's verdict found Gault, 54, not liable on four serious civil fraud charges, including intent to defraud and aiding and abetting fraud.
The jury did find he was liable for three other less serious charges, including charges that he violated provisions in the 2002 Sarbanes-Oxley law by filing false certifications in connection with the company's financial statements.
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The jury's verdict found Gault, 54, not liable on four serious civil fraud charges, including intent to defraud and aiding and abetting fraud.
The jury did find he was liable for three other less serious charges, including charges that he violated provisions in the 2002 Sarbanes-Oxley law by filing false certifications in connection with the company's financial statements.
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