I don't know the details of Stuart Wolff's case well enough to give an opinion on whether his original conviction and 15 year sentence was appropriate (though the convictions of 11 of his colleagues probably doesn't bode well). But as a taxpayer, I found this news very unsettling: an appeals court overturned his conviction because the original judge apparently didn't disclose enough information about his personal investments in AOL stock. (One of the charges against Mr. Wolff was that they improperly accounted for transactions between Realtor.com and AOL.) From Inman News: 

The 9th Circuit Court of Appeals judges noted in their ruling that Anderson acknowledged he "owns stock in AOL" but "did not specify the date(s) of purchase, the amount held, or whether he had engaged in any subsequent transactions involving the stock."

Here's the Washington Post article.

Come on! Millions of dollars in government prosecution and court expenses thrown out the window because of this.

What does this mean for those of us still in the industry? As Dustin Luther (blogger, industry consultant, and former Move/Realtor.com/Homestore executive) points out, this is bad news for Move/Realtor.com because it re-opens an old wound, especially if the government decides to try the case again (which seems likely).