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Today is Tuesday, February 14, 2012 at 
- Countdown to Market Close:

BusinessWeek – A prominent Manhattan lawyer accused of peddling $700 million in phony securities to hedge funds will likely forgo a trial and change his plea to guilty, his attorney told a judge Thursday.

The defense announcement came at a hearing at which Marc Dreier pleaded not guilty to a revised indictment accusing him of money laundering in addition to previous charges of securities fraud, wire fraud and conspiracy to commit those crimes.

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