The 9th US Circuit Court of Appeals ruled Tuesday that former savings-and-loan associations magnate Charles Keating is entitled to a new trial on federal securities charges because jurors improperly learned of the state conviction. The decision came four months after an appeals court overturned his state securities-fraud charges after finding errors in jury instructions. Keating, who served about a third of his 12-year sentence when he was released on bail in October 1996, could be retried in both the state and federal cases.
Keating Victory
The 9th US Circuit Court of Appeals ruled Tuesday that former savings-and-loan associations magnate Charles Keating is entitled to a new trial on federal securities charges because jurors improperly learned of the state conviction. The decision came four months after an appeals court overturned his state securities-fraud charges after finding errors in jury instructions. Keating, who served about a third of his 12-year sentence when he was released on bail in October 1996, could be retried in both the state and federal cases.
