'Squawk Box' Defendants Denied Bid For New Trial

Law360, New York (July 22, 2010, 6:56 PM EDT) -- A federal judge on Thursday denied requests for new trials by three former stockbrokers and three former day traders who were convicted in a scheme involving the sale of private trading information via internal “squawk boxes.”

The six defendants in the U.S. District Court for the Eastern District of New York had claimed that prosecutors withheld testimony from the U.S. Securities and Exchange Commission that would have shown the business information obtained from the squawk boxes — loudspeakers connected to intercoms that broadcast information about trades...
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