Law School Friends Deny IBM Tip Trading Charges

Law360, New York (December 7, 2012, 6:04 PM EST) -- Two former law school classmates on Friday pled not guilty to charges of insider trading ahead of International Business Machines Corp.'s 2009 acquisition of software company SPSS Inc., part of a scheme prosecutors said netted $1 million in profits.

Thomas C. Conradt and David J. Weishaus, who worked as retail brokers at Westport, Conn.-based Euro Pacific Capital Inc., were charged with four counts of securities fraud and conspiracy in a hearing before U.S. District Judge Andrew Carter in Manhattan.

“Not guilty, your honor,” the two said...
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