Convicted: Joseph Collins, a former Mayer Brown partner, on Friday was convicted of helping top executives of financial services firm Refco Inc. hide a $2.4 billion fraud from investors and purchasers, the New York Law Journal reports. Judge Loretta Preska of the U.S. District Court for the Southern District of New York found the lawyer guilty of conspiracy, two counts of securities fraud, two counts of false filings with the U.S. Securities and Exchange Commission and two counts of wire fraud.
Stabbing: An 18-year-old resident of Olney, Md., was fatally stabbed on Saturday inside the Woodley Park Metro station, The Washington Post reports. "The attack appeared to be one of the most violent to occur inside the Metro system in many years," according to the newspaper.
Hostess: Baked goods company Flowers Foods Inc. and private equity firm C. Dean Metropoulos & Co., owner of Pabst Brewing Co., may bid on the assets of Hostess Brands Inc., the bankrupt baker of Twinkies and Wonder bread, Bloomberg reports. Hostess announced on Friday that it would fire more than 18,000 employees and cease operations.