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.
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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.
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Information from: The Orange County Register, http://www.ocregister.com
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