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Local dentist acquitted of insider trading with Shaw Group

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BATON ROUGE — A Ruston dentist whose brother-in-law worked at the Shaw Group in 2012 was acquitted Thursday on federal insider trading charges relating to the announcement that year that Shaw was being acquired by Chicago Bridge & Iron Co. for $3 billion.

Federal prosecutors had alleged that Jesse H. Roberts III reaped a $700,000 profit from confidential information allegedly provided by his brother-in-law, Scott David Zeringue.

Roberts was found not guilty on one count each of securities fraud and conspiracy to commit securities fraud.

He did not testify in his own defense.

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