Partial Verdict Favors Brokers In Squawk Box Trial

Law360, New York (May 10, 2007, 12:00 AM EDT) -- A group of former stock brokers received a boost on Thursday when a federal jury found them not guilty on a slew of counts they faced for allegedly taking bribes in exchange for allowing day traders to listen in on confidential conversations held over the firms’ squawk boxes.

The jury panel of six men and six women in the U.S. District Court for the Southern District of New York in Brooklyn found all but one of the seven defendants in the case not guilty on all...
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