Ex-Broker Admits To Insider Trading On $1.2B IBM Deal

Law360, New York (December 19, 2013, 5:58 PM ET) -- David J. Weishaus, a former broker accused of trading ahead of a $1.2 billion IBM Corp. acquisition using a tip from a law school pal, pled guilty Thursday, a month before he was slated to head to trial.

Weishaus, 33, entered a plea to a count of conspiracy and a count of securities fraud in a hearing before U.S. District Judge Andrew Carter Jr.

Weishaus had been slated to go to trial Jan. 21 on charges that he traded ahead of IBM's 2009 acquisition of software...
To view the full article, register now.