New Castle Exec Waives Indictment In Galleon Case

Law360, New York (January 26, 2010, 7:17 PM EST) -- Federal prosecutors have revealed that Mark Kurland, co-founder of hedge fund New Castle Partners LLC, has waived an indictment in an insider trading case tied to Galleon Group founder Raj Rajaratnam, indicating Kurland may plead guilty to the charges.

The U.S. Attorney’s Office filed a notice with the U.S. District Court for the Southern District of New York on Monday stating that Kurland had waived an indictment and indicating that the prosecutors would proceed with formal charges under Rule 7(b) of the Federal Rules of Criminal...
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