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Wednesday, October 20, 2004

Quattrone free pending appeal. Former star banker Frank Quattrone won a court ruling on Tuesday that will allow him to stay out of prison until a decision is reached on the appeal of his obstruction of justice conviction.

In allowing Quattrone to remain free on bail, the U.S. Second Circuit Court of Appeals overturned a lower court ruling that would have forced the one-time investment banker to report to prison next week to begin serving an 18-month jail sentence.

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