The pact would close a three-year effort to prosecute a man who earned $100 million in a single year as he commanded his investment firm’s technology portfolio at the height of dot-com mania.
U.S. District Court Judge George B. Daniels approved a one-year deferred prosecution agreement, calling for the charges to be dismissed if Quattrone stays out of trouble for one year.
A jubilant Quattrone said outside the courthouse in lower Manhattan that he was ”very pleased that the case will be concluded” and looked forward to the dismissal of the charges.
”I plan to resume my business career,” Quattrone said.
The judge signed off on the deal during a brief hearing in which Quattrone smiled as the agreement was approved.
In a statement, U.S. Attorney Michael J. Garcia called the deferred prosecution ”an appropriate resolution of the case in light of all of the facts and circumstances and the posture of the case at this time.”
Quattrone’s first trial had ended in a deadlocked jury. Then it later seemed the government had succeeded when a jury convicted Quattrone of charges he obstructed a government probe of stock offerings as he supervised 400 technology investment bankers from the Palo Alto, Calif., offices of Credit Suisse First Boston, which has since changed its name to Credit Suisse (USA) Inc.