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Samsung chair acquitted in Korean stock manipulation case

Samsung chairman Jay Y. Lee's legal troubles may be in the rearview mirror as a Korean court acquitted him of stock manipulation and accounting fraud charges over a 2015 merger, The Financial Times has reported. The ruling allows Lee to continue leading Samsung, which saw a sharp decline in revenue last year.Seeking a five year jail term, prosecutors accused Lee of manipulating the share price of two Samsung subsidiaries to smooth the way for a merger that allowed him to consolidate his power. However, the Seoul Central…

Samsung chief Jay Y. Lee acquitted in 2015 merger case  

Samsung Electronics executive chairman Jay Y. Lee has been declared not guilty on the charge of stock price manipulation and accounting fraud related to the merger of Samsung affiliates in 2015, a South Korean Court ruled on Monday. In the November hearing, prosecutors had called for Lee to be in jail for five years and a fine of 500 million KRW ($375,000) over charges of violating the Capital Markets Act — accounting fraud and stock manipulation connected to an $8 billion merger of Samsung…

Samsung Chairman Lee acquitted of financial crimes over merger of companies

Samsung Electronics Executive Chairman Lee Jae-yong, also known as JY Lee, was acquitted of stock manipulation and accounting fraud by a South Korean court on Monday over a controversial merger of two company affiliates back in 2015.The Seoul Central District Court ruled that prosecutors failed to prove that the merger of two of Samsung's affiliates, Samsung C&T and Cheil Industries, back in 2015, was unlawful.Prosecutors had claimed that the merger caused damage to shareholders and was done primarily to increase

Kevin Spacey acquitted of all 13 allegations after trials spanning nine-years | Hollywood

Oscar-winning actor Kevin Spacey, 64, has been cleared of sexual assault charges in one of the UK's most high-profile #MeToo trials. After a four-week trial at Southwark crown court, Spacey wept as the jury found him not guilty of sexually assaulting four men. Actor Kevin Spacey walks outside Southwark Crown Court, as the jury consider their verdict over charges related to allegations of sex offences, in London.(REUTERS) The Gaurdian reported, Spacey looked to his legal team as the verdict was delivered,…

Kevin Spacey says ‘people are ready to hire me’ as soon as he’s acquitted | Hollywood

Kevin Spacey, Hollywood actor and 'MeToo' accused, says he already has producers waiting to sign him in their upcoming projects as soon as he's acquitted in the imminent UK sexual assault trial. (Also Read: ‘My work will live longer than I will’: Kevin Spacey says sexual assault allegations eventually ‘won’t mean anything’) Kevin Spacey says he's got only affection and support from his fans(AP) “I know that there are people right now who are ready to hire me the moment I am cleared of these charges in London.…

Rapper Hurricane Chris Acquitted on All Counts in Murder Trial

Shreveport, Louisiana rapper Hurricane Chris has been found not guilty on all counts in his murder trial, per KTAL/KMSS.Hurricane Chris, real name Christopher Dooley, was indicted by the Caddo Parish Jury in October 2020 over his suspected connection with the fatal shooting of 32-year-old Danzeria Farris Jr. in June, 2020. Throughout the trial, the rapper’s defense presented testimony from two witnesses while prosecutors presented 11 witnesses. Chris was found not guilty of second-degree murder on Tuesday. If found…

‘Baretta’ star Robert Blake dies; was acquitted of killing his wife

By Linda Deutsch | Associated Press LOS ANGELES — Robert Blake, the Emmy award-winning performer who went from acclaim for his acting to notoriety when he was tried and acquitted of murdering his wife, died Thursday at age 89. A statement released on behalf of his niece, Noreen Austin, said Blake died from heart disease, surrounded by family at home in Los Angeles. Blake, star of the 1970s TV show, “Baretta,” had once hoped for a comeback, but he never recovered from the long ordeal which began with the shooting death of…

Finnish astronomers acquitted in defamation case related to protesting harassment | Science

Speaking out against harassment is in the public interest and should be encouraged rather than punished, a Finnish court declared today. That message was part of a ruling dismissing criminal charges against two astronomers who had protested the hiring of a U.S. scientist found to have committed gender-based harassment in a previous academic job. “I hope this case will set a precedent,” says Syksy Räsänen of the University of Helsinki, one of the two defendants.…

Paul Flores guilty in murder of Kristin Smart; father acquitted

A jury on Tuesday convicted Paul Flores in the murder of Cal Poly San Luis Obispo student Kristin Smart, ending a more than two-decade mystery that both captivated and outraged the Central Coast college town.Flores was found guilty of first-degree murder even though authorities never found Smart’s body, an issue long considered a stumbling block in the case. His father, Ruben Flores, 81, was acquitted of being an accessory to murder. A second jury that heard evidence at the same time during the 12-week trial of the two…

Chicken Industry Officials Acquitted in Price-Fixing Case

Federal prosecutors failed for a third time to convict five chicken-company officials of allegedly conspiring to fix prices, dealing a blow to the Justice Department’s antitrust division and its efforts to rein in the meat industry.Jurors in a Denver federal court on Thursday evening acquitted all five defendants, who had been accused of illicitly coordinating among themselves what their companies would charge restaurant buyers. It was the third trial attempt by the Justice Department in its high-profile case against…