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Local Tech Wire
RESEARCH TRIANGLE PARK, N.C. – Federal prosecutors in New York delayed Wednesday any further action against former IBM executive Robert Moffat until January.
Moffat, who had often been mentioned as a possible future chief executive officer at IBM and has several links with the Triangle, lost his senior IBM post after being implicated in a massive insider trader case.
Key principals in that case were indicted Tuesday.
However, on Wednesday, prosecutors sought a postponement of the case against Moffat and three others until Jan. 15. They said they were in discussions with lawyers for the four individuals in seeking to resolve the case.
Moffat’s attorney, Kerry Lawrence, that Moffat was not cooperating with prosecutors and was in “discussions” about the case. Moffat has denied the insider trading allegations.
The cases against Raijv Goel, Anil Kumar and Mark Kurland were also pushed back.
Billionaire Raj Rajaratnam and Danielle Chiesi, an executive at New Castle Funds who is linked directly to Moffat in the case, have already been indicted.
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