Frank Quattrone’s second obstruction of justice trial is set to begin March 22, after a jury was unable to decide the first time around whether the former financier broke the law when he ordered the destruction of banking records.
U.S. District Judge Richard Owen, who presided over the first case, set the date for the second criminal trial of Quattrone, who was a star investment banker with Credit Suisse First Boston during the 1990s.
Judge Owen is also due to preside over the new trial.
Quattrone has been accused of obstructing justice and tampering with witnesses when he forwarded a co-worker’s e-mail that urged staff to “clean up” investment banking files. Jurors were unable to reach a unanimous decision on the charges in the first trial, which ended on Oct. 24 after four weeks.
At the time he sent the e-mail, the Securities and Exchange Commission and a grand jury were looking at whether shares of the most popular initial public offerings had been doled out to hedge funds in exchange for kickbacks to CSFB.
As part of those investigations, they were seeking documents kept in the files of Quattrone’s investment banking unit. Quattrone says he was unaware the subpoenas related to anything in his division.