Bloomberg – While prosecutors await a jury’s verdict in the trial of Galleon Group LLC’s Raj Rajaratnam, they may take comfort that four defendants tied to the insider- trading probe that began with him are pursuing plea deals.
Don Ching Trang Chu, a former hedge-fund consultant for Primary Global Research LLC, will probably plead guilty, a judge said at a hearing in his case yesterday, after the government noted “extensive” talks with his lawyer. Prosecutors in the same Manhattan courthouse said this afternoon that Donald Longueuil, a former hedge fund manager at SAC Capital Advisors LP, will plead guilty to related insider-trading charges today.
