Mistrial for CEO in case that ensnared ex-baseball star
SANTA ANA, Calif. (AP) — A mistrial has been declared in the second federal trial of a former California CEO accused of providing ex-baseball star Doug DeCinces with insider information about his company’s pending merger.
The Orange County Register reports jurors on Wednesday deadlocked again on insider-trading charges against James Mazzo, ex-CEO of Santa Ana-based Advanced Medical Optics.
Assistant U.S. Attorney Stephen Cazares said no decision has been made as to whether to seek another trial against Mazzo.
DeCinces, a former third baseman for the California Angels and Baltimore Orioles, was convicted last year of insider trading for a stock buy that earned him more than $1 million. DeCinces agreed to testify against Mazzo in exchange for a shorter sentence. A sentencing date for DeCinces has not been set.
Information from: The Orange County Register, http://www.ocregister.com