August 22, 2006

Judge okays Quattrone settlement

NEW YORK (Reuters) - A U.S. federal court judge on Tuesday
signed off on a settlement that would let former star
technology investment banker Frank Quattrone avoid a third
trial for obstructing justice, opening the door for him to
resume his career on Wall Street.

Last week Quattrone, who once dominated the world of high
flying technology IPOs as Silicon Valley's top banker, reached
a deal with prosecutors in which he could avoid a third trial
for obstructing justice. Under the deferred-prosecution
agreement, Quattrone would suffer no penalty if he did not
violate any laws in the next 12 months.