Judge Grants $1M Bail To Ex-Credit Suisse Broker

Law360, New York (May 9, 2007, 12:00 AM EDT) -- After originally being denied bail, a former Credit Suisse Group broker who allegedly leaked confidential information about the $32 billion sale of energy company TXU has been released on $1 million bail by a federal magistrate judge in Manhattan.

Judge James C. Francis IV on Monday overturned the earlier decision, rejecting the government’s claim that Hafiz Muhammed Zubair Naseem, a Pakistani citizen, posed a flight risk.

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