Reuters – Mark Kurland, a former executive at New Castle Funds LLC hedge fund accused in the Galleon insider trading case, appears ready to waive indictment and plead guilty, according to a court document filed on Tuesday.
The filing in Manhattan federal court in New York by U.S. prosecutors said the government will file an alternative charging document known as an “information” after Kurland’s waiver of indictment. The “information” is usually prepared when a defendant is ready to finalize a guilty plea.
