Expert Networker Chu to Waive Indictment, His Lawyer Says
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Don Ching Trang Chu, an expert consultant to hedge funds who worked for Primary Global Research LLC, will appear in federal court in New York to plead not guilty to insider trading charges and waive his right to be indicted by a U.S. grand jury, his lawyer said.
Federal defendants traditionally waive their right to be indicted by a grand jury as a prelude to entering into an agreement with prosecutors and pleading guilty.