Tuesday, August 22, 2006

Judge Approves Settlement for Former Banker Quattrone

The court on Tuesday signed off on a deal between prosecutors and Frank Quattrone that will allow the former investment banker to avoid a third trial on obstruction charges. Provided he does not break the law for a year, Mr. Quattrone, who was Credit Suisse’s star technology investment banker at the height of the Internet boom, will also be allowed to return to the financial sector. He admitted no wrongdoing under the deferred prosecution agreement.

No comments: