New Castle’s Kurland Seeks Probation in Galleon Case
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Mark Kurland, a co-founder of New Castle Funds LLC, asked a judge to give him probation when he becomes the first defendant sentenced in the Galleon Group LLC insider-trading case that snared Raj Rajaratnam.
Kurland, 51, pleaded guilty on Jan. 27 and is scheduled to learn his fate May 27. Unlike most others who have pleaded guilty in the case, he isn’t cooperating with prosecutors.