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



Case Information

Case Title

USA v. Conradt et al

Case Number



New York Southern

Nature of Suit

Date Filed

November 27, 2012

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.