Judge Scolds Feds, Disappoints Defense in “Squawk” Case

April 9th, 2010 admin

Let’s break away, briefly, from the news concerning the retirement of Justice John Paul Stevens and get you up to speed on an interesting white-collar case playing out in Brooklyn. After all, it’s not every day that a federal judge chides prosecutors for mistakes but also causes defense lawyers to scratch their heads and mutter in frustration afterward. But that’s what happened yesterday afternoon in Brooklyn federal court, where six Wall Street brokers and traders were convicted last year of misusing brokerage-firm “squawk” boxes that broadcast client orders to buy and sell stock. Here’s the WSJ story . The last time we checked in on the case, things were heating up. In January John Gleeson (pictured), the federal judge presiding over the case, granted bail …


Originally posted on WSJ

 
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