MEDIA WATCH: Quattrone mistrial is setback for feds

The case against Frank Quattrone, former Credit Suisse First Boston investment banker, resulted in a mistrial late last month. He was accused of obstructing an investigation into whether his firm allotted shares of coveted IPO stock to key clients and friends. Coverage often suggested that he would have been acquitted had he not fared badly under cross-examination. Reporting also positioned the mistrial as a key setback for federal prosecutors hoping to make an example of him.

The case against Frank Quattrone, former Credit Suisse First Boston investment banker, resulted in a mistrial late last month. He was accused of obstructing an investigation into whether his firm allotted shares of coveted IPO stock to key clients and friends. Coverage often suggested that he would have been acquitted had he not fared badly under cross-examination. Reporting also positioned the mistrial as a key setback for federal prosecutors hoping to make an example of him.

Most frequent messages 1. Quattrone shouldn't have taken the stand in his own defense 2. Mistrial is a setback to efforts to clean up Wall Street and corporate America 3. The prosecution had a weak case 4. Federal prosecutors are considering retrying Quattrone 5. It is difficult to convict on charges of white-collar crime Based on 31 US newspaper, magazine, and TV stories appearing October 24-November 10, 2003. Evaluation and analysis by CARMA International.

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