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Litigation

Mar. 20, 2015

Former NFL player cleared in SEC's pump-and-dump trial

An Orange County jury on Wednesday exonerated former NFL player Willie James Gault of intentionally scheming to defraud investors during his stint as co-CEO of the now defunct medical device company Heart Tronics Inc.


By Deirdre Newman


Daily Journal Staff Writer


SANTA ANA - An Orange County jury on Wednesday exonerated former NFL player Willie James Gault of intentionally scheming to defraud investors during his stint as co-CEO of the now defunct medical device company Heart Tronics Inc.


Following a two-week trial in the lawsuit brought by the U.S. Securities and Exchange Commission, Gault was cleared of three counts of intentional fraud and one count of...

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