Opinion ID: 70425
Heading Depth: 2
Heading Rank: 2

Heading: Delivery of False Reports

Text: As previously set forth, the jury rejected the allegation that Dizona had knowingly delivered false reports that tended to affect the market price of natural gas in violation of § 13(a)(2). The Commission's theory was that Dizona sent the spread sheets containing the false trades to the natural gas publications. After the verdict, the district court denied the Commission's motion for judgment as a matter of law. As discussed in section II. A, supra, Exhibit 27 was inadmissible hearsay. Without the evidence of the actual trades in Exhibit 27, the evidence is insufficient to demonstrate that Dizona had knowingly delivered false reports that tended to affect the market price of natural gas in violation of § 13(a)(2). Thus, we affirm the district court's judgment refusing to overturn the jury verdict with respect to the delivery of false reports charge. [9] For the foregoing reasons, the district court's judgment is AFFIRMED.