No Truth To 'Squawk Box' Deal Reports: Attorney

Law360, New York (August 18, 2008, 12:00 AM EDT) -- An attorney for a stockbroker currently facing a retrial for allegedly giving day traders access to confidential information via internal “squawk boxes” said that there were currently no plea negotiations ongoing, despite assertions from the prosecution in court Monday.

Prosecutors in the “squawk box” case said that two of the defendants, a former Lehman Brothers broker and an ex-manager at the now defunct day-trading firm A.B. Watley Inc., were in plea bargain talks, according to media reports. Five more defendants are also standing trial in the...
To view the full article, register now.