On August 22, 2006, Quattrone reached a deferred prosecution agreement, which allowed him to avoid prison time, "leading legal observers to label the agreement an exoneration." The National Association of Securities Dealers also dropped their charges. It was stated that he "planto resume [his business career." According to reports, Mr. Quattrone would receive $100 million to $550 million in overdue compensation, so long as he would abide by an agreement and would not break the law for a year. Credit Suisse had paid for Quattrone's legal costs.