The former chairman of Dean Foods told jurors at a criminal trial Tuesday that he fed secrets about the company to a professional gambler for over seven years, sometimes speaking in coded language over a prepaid cellular phone called the “bat phone.”
Thomas Davis, 68, was the prosecution’s star witness in the insider trading case brought against his onetime friend, William “Billy” Walters, in Manhattan federal court.
via Ex-Dean Foods Chair Admits to Insider Trading | AP
