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20-May-2020 22:31
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Roberts was fired as Mc Afee's top lawyer last May.
The seven criminal charges include mail fraud, wire fraud, falsifying company board minutes and filing false statements before the Securities and Exchange Commission.
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Roberts never exercised the options and he claims he relied on the company’s controller in changing the date.
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District Judge Marilyn Patel, the judge who will preside over his trial, for the setting of future court dates.Backdating an option to buy company stock is not illegal in itself, but it is illegal to make false statements in government and company records about the practice.Roberts's lawyer, Stephen Neal, has said Roberts's attorneys will "vigorously defend" Roberts against the charges.Jurors declined to discuss their verdict before leaving the courthouse and did not disclose their vote on the deadlocked count of falsifying records.
Kent Roberts, former General Counsel with software company Mc Afee was found not guilty today on two of three felony counts he faced in federal court in San Francisco following a two-week criminal trial.The verdict was a rare acquittal in the continuing federal investigation of stock-option manipulations, which has focused on Silicon Valley companies that commonly used backdating to recruit executives in the early 2000s. Attorney Laurel Beeler told the judge she wasn't authorized to make the decision on her own. Neal told reporters he agreed that the case should be dropped and declined further comment.
