Paul Bass file photo.
Citing mixed signals from a jury, a federal judge threw out the guilty conviction of a middleman who helped arrange $4.9 million in shady investments when New Haven Savings Bank went public and became NewAlliance Bank.

The decision by Judge Janet Arterton late Thursday appears to end an unprecedented white-collar crime drama in the courthouse across from the New Haven Green—and spare a jail sentence for local broker John Lucarelli (at right in photo with defense attorney Dominic Amorosa). Arterton broke new legal ground in her decision acquitting Lucarelli.

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