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....
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.