Industry NewsTechnology

U.S. prosecutors seek rehearing in Stuart Wolff case

Panel of appellate judges had tossed out conviction
Published on Mar 7, 2008

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by CareyBot

U.S. government prosecutors have asked a panel of judges to reconsider a ruling that dismisses the conviction and sentencing of the former CEO for Realtor.com operator Homestore Inc., now known as Move Inc.

Stuart Wolff, who served as CEO and chairman for Homestore from 1997 until his resignation during the company's internal investigation in 2002, was convicted in June 2006 on 18 counts, including conspiracy to commit securities fraud, falsifying company books and records, lying to accountants and engaging in illegal insider trading.

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