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Atheros Executive Hariri Will Waive Indictment in Galleon Case


Date: Tuesday, February 23, 2010
Author: Bloomberg

Former Atheros Communications Inc. Vice President Ali Hariri agreed to waive his right to a grand jury indictment, prosecutors said, an indication he may plead guilty and bolster the government’s evidence in the Galleon Group LLC insider-trading case.

Should Hariri plead guilty, he will become the 10th person to admit wrongdoing in the case. There is no indication in yesterday’s court filing of whether Hariri will cooperate with prosecutors, as others are doing. Hariri, who was arrested in November, was a manager at Atheros’s broadband networking unit.