Ex-Credit Suisse Broker Denied Bail In TXU Case

Law360, New York (May 7, 2007, 12:00 AM EDT) -- A former Credit Suisse Group broker who allegedly leaked confidential information about the $32 billion sale of energy company TXU has been denied bail amid fears that he poses a flight risk.

On Friday, Magistrate Judge Theodore H. Katz rejected Hafiz Muhammad Zubair Naseem’s bail request, ruling that the Pakistani citizen could not be set free while awaiting trial.

Last week, federal prosecutors filed criminal charges against Naseem, a former broker in Credit Suisse’s energy group. The indictment alleges that Naseem called a banker in Pakistan...
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