Huawei executive gives a little, gets a little

U.S. prosecutors have reached a deal to allow an imprisoned Huawei executive to be released from prison.

Major official: Federal prosecutors in New York informed the court of a hearing on Friday in the case of Meng Wanzhou, Huawei’s chief financial officer, according to court records.

The parties will “address with this Court a resolution of the charges against the defendant in this matter,” prosecutors said.

It was unclear from the documents what the parties agreed to, but according to The Wall Street Journal, Meng is expected to admit wrongdoing in exchange for prosecutors deferring and ultimately dropping wire and bank fraud charges against her.

Time to go: Meng was arrested by Canadian law enforcement in 2018 at the request of the U.S. on charges of violating U.S. sanctions against Iran by misrepresenting Huawei’s dealings in the country. She’s been in Vancouver undergoing a trial over an extradition request to the United States.