Walter “Chet” Little, a former Foley & Lardner partner arrested on insider trading charges after he left that firm and joined Bradley Arant Boult Cummings, admitted to conspiracy to commit securities fraud in Manhattan federal court on Thursday.
After entering a not-guilty plea in August to both conspiracy and securities fraud charges, Little last week changed his plea to guilty on a single conspiracy count in light of an agreement with prosecutors from the U.S. Attorney’s Office for the Southern District of New York. In Little’s plea deal, the government agreed to move for dismissal of any other open counts against him when he returns to court for sentencing.
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