Ex-Broker Admits To Insider Trading On $1.2B IBM Deal

Law360, New York (December 19, 2013, 5:58 PM EST) -- David J. Weishaus, a former broker accused of trading ahead of a $1.2 billion IBM Corp. acquisition using a tip from a law school pal, pled guilty Thursday, a month before he was slated to head to trial.

Weishaus, 33, entered a plea to a count of conspiracy and a count of securities fraud in a hearing before U.S. District Judge Andrew Carter Jr.

Weishaus had been slated to go to trial Jan. 21 on charges that he traded ahead of IBM's 2009 acquisition of software...
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