Ex-Bear Stearns Trader To Cop Guilty Plea

Law360, New York (November 14, 2007, 12:00 AM EST) -- A former Bear Stearns trader is expected to enter a guilty plea by the end of the month in a wide-ranging insider trading case involving UBS Securities LLC, marking one of the last few accused to admit culpability in the scheme.

On Tuesday, the attorney for Ken Okada indicated in a letter filed with the U.S. District Court for the Southern District of New York that his client intends to “proceed with a guilty plea” after engaging in extensive plea negotiations with U.S. Attorney Andrew Fish....
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