Dean Foods Ex-Chairman Davis Placed Under House Arrest

Former Dean Foods Co. Chairman Tom Davis was put under house arrest ahead of his scheduled January surrender date to start serving a two-year prison sentence for handing insider stock tips to gambler Billy Walters.

U.S. District Judge P. Kevin Castel summoned Davis to his New York courtroom Nov. 3 to determine if he should immediately be sent to prison based upon the content of emails from his ex-wife Louise and his estranged wife Terie sent to the judge during the past month. Davis was sentenced Oct. 19 to two years after pleading guilty in a seven-year plot to funnel ...