The former general counsel of computer security firm McAfee was acquitted on Friday of fraud charges relating to alleged stock options backdating.
Kent Roberts, indicted in February 2007, was found not guilty on two of three felony counts of fraud in San Francisco federal court. The jury, following a two-week trial, was hung on a third count of falsifying accounting records. A mistrial was declared and Roberts could be retried on that count.
Roberts was the first general counsel at a U.S. corporation to be criminally tried for alleged stock options backdating violations, his lawyer's office said.
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