Judge Nixes Latest Bid To Toss Squawk Box Case

Law360, New York (September 12, 2008, 12:00 AM EDT) -- A federal judge has denied another bid by a group of former securities brokers to drop the remaining criminal charges in a case accusing them of giving day traders access to confidential information via internal “squawk boxes.”

At a hearing in the U.S. District Court for the Eastern District of New York on Friday, Judge Jack Weinstein denied a motion by the three brokers – from Merrill Lynch & Co. Citigroup Inc.'s Smith Barney and Lehman Bros. – and four former A.B. Watley Inc. executives to...
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