'Quattrone reached deal to avoid trial'

Frank Quattrone, the former Silicon Valley star technology banker facing a possible third trial for obstructing justice, reached a deal with prosecutors in which he could avoid another trial and resume a career in finance, The New York Times reported on Saturday.
Citing people briefed on the negotiations, the Times said Quattrone would enter into a deferred-prosecution agreement that would impose no penalty if he does not violate any laws in the next several years.
The Times' sources spoke on the condition of anonymity because the judge had not yet formally approved the settlement, the newspaper said.