Another Plea Deal Possible In Galleon Case

Prosecutors of the alleged Galleon Group insider-trading circle appear poised to win their seventh guilty plea today.

Anil Kumar, a former senior director at consultancy McKinsey & Co. who is accused of providing non-public information to Galleon founder Raj Rajaratnam, is due to appear in federal court today in New York. Last month, prosecutors said that Kumar had agreed to waive indictment and that the U.S. Attorney’s office would file a criminal information against him, indicating that a plea deal was in the works.