- Associated Press - Tuesday, August 18, 2015

ATLANTA (AP) - A federal jury in Atlanta has acquitted a retired hedge fund manager charged with insider trading.

Records filed in U.S. District Court show that Steven E. Slawson was found not guilty Monday following a two-week trial. Slawson was charged in May 2014 with 34 counts including securities fraud, wire fraud and conspiracy.

Prosecutors had accused Slawson of trading on insider information regarding the Atlanta-based children’s clothing company Carter’s Inc.

Last year, two former Carter’s vice presidents - Eric M. Martin and Richard T. Posey - and New York portfolio manager Mark Megalli pleaded guilty to insider trading of the company’s stock. Prosecutors said they made illegal trades worth $15 million.

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