NEW YORK (AP) — Lawyers for a Las Vegas gambler linked to golfer Phil Mickelson say the gambler's New York insider trading conviction should be reversed because a witness lied about a so-called "bat phone."
The lawyers filed papers Friday in Manhattan federal court seeking to reverse last month's conviction of William "Billy" Walters.
Prosecutors say Walters made more than $40 million illegally trading the stock of Dallas-based Dean Foods Co. The government claimed illegal trades resulted after Walters gave former Dean Foods board chairman Thomas Davis a throwaway phone so they could discuss inside information without it being traced. During the trial, prosecutors and defense lawyers referred to the phone as the "bat phone."
Lawyers for Walters say Davis never got the phone until after the key trades. Prosecutors have declined to comment.
Mickelson wasn't charged.