Cohn Focus of Goldman of lawyer Wrangle at the Rajaratnam trial

April 15, 2011, 7: 11 am EDT by David Glovin, Patricia Hurtado, and Bob Van Voris

Updates with testimony of the expert at paragraph 10).

April 15 (Bloomberg)--Federal prosecutors saying they were prepared to subpoena Goldman Sachs Group Inc. President Gary Cohn to rebut the defence of the Galleon Group LLC, co-founder Raj Rajaratnam in his insider-trading trial.Assistant U.S. Attorney Reed Brodsky said U.S. District Judge Richard Holwell in Manhattan on April 12 that the Government calls Cohn to testify if a witness for the defence, former President of the Galleon United States Richard Schutte, was allowed to talk about jurors Cohn observations during a meeting with Rajaratnam 31 juillet2008. "It is hearsay" and should not be allowed as evidence, Brodsky said the judge, according to a transcript of a Conference of "sidebar" who could not hear the jurors and others in the courtroom. " If the defence witness on the comments of Cohn, Brodsky said, "we are ready to call Mr. Cohn, and we would be allowed to do so in the framework of our rebuttal case".Schutte, who completed his testimony yesterday, was not requested by the lawyers of the Rajaratnam on Cohn comments at the meeting. The attorneys of the Rajaratnam can finish their defense of the billionaire hedge fund manager on April 18. Brodsky said Holwell yesterday that prosecutors had the intention to present a rebuttal folder. He did not mention Cohn or identify other potential witnesses.We have a bit of a rebuttal case, that we are still in preparation, "said Brodsky.Lucas van Praag, a spokesman for Goldman Sachs, has refused to comment on." Ellen Davis, a spokesman for U.S. Attorney Preet Bharara in Manhattan, also refused to comment on.Intel, ClearwireRajaratnam, 53, has been found since March 8 in the largest crackdown initiated of hedge funds in the history of the United States. Sri Lankan born Money Manager is accused of winning $ 63.8 million of Councils disclosed by insiders and traders from hedge funds on a dozen stocks, including Goldman Sachs, Intel Corp., Clearwire Corp. and Akamai Technologies Inc.. He denies wrongdoing, saying: he based his trades on research.Requirements in the case can begin next week, the judge said.Gregg Jarrell, the top Economist of the U.S. Securities and Exchange Commission from 1984 to 1987, said today as an expert witness to Rajaratnam. Jarrell, who now teaches at the school of commerce in New York at the University of Rochester, said the Councils Rajaratnam would have received were not of galion equipment or do not include inside information.Certainty, UncertaintyJarrell showed jurors graphic displaying news articles and analyst reports on stocks that Rajaratnam is accused of Exchange based on inside information.Cross-examination by Assistant U.S. Attorney Jonathan Streeter, Jarrell testified that mergers and acquisitions are almost always preceded by analysts and journalists speculating on the question of whether the deal will go through.Streeter asked Jarrell if a merchant with access to accurate information from an insider company has an advantage. "If you are sure, in a world of uncertainty, it is an advantage, said Jarrell testimony of Jarrell will continue on April 18 that the discussion on Cohn came April 12 as prosecutors objected to the testimony of Schutte on a meeting that he and Rajaratnam had with Cohn. At the July 31, 2008 meeting, Galleon and Goldman Sachs executives discussed the "potential" that the New York-based investment bank would be "combine with an entity which had a basis large deposit," including a commercial bank or an insurance companySchutte testified.Goldman advised defense offered evidence of Schutte to meet the Government's contention that Rajat Gupta, then member of the Board of Goldman Sachs, tipped Rajaratnam two days before the meeting that the Bank was considering buying American International Group Inc. or Wachovia Corp. testimony of Schutte, the defence may have tried to show that the alleged point of Gupta involves confidential information.Brodsky, objected after the transcript of the Conference of the sidebar with the judge, saying that the defence lawyers wanted to obtain "a hearsay statement that Mr. Cohn made the meeting" words of Goldman Sachs may be "a certain plan." Brodsky said then that the Government could convene Cohn on rebuttal if there was this evidence, according to the transcript.Cross-ExaminationIn end, Schutte was a not testify Cohn comments at the meeting of July 2008. During cross-examination by Brodsky, Schutte said that he did not ask Cohn at the meeting if Goldman Sachs had intended to buy imminent Bank and Cohn did not address the issue.Goldman Sachs Chief Executive Officer Lloyd Blankfein, his testimony at the trial on March 23, said that Gupta has violated the privacy policies of the company by saying allegedly Rajaratnam on its revenues and its strategic plans. Rajaratnam is charged to win one of $ 4.6 million in exchanging advice on investment bank based in New York.Gupta denies wrongdoing and has not been charged criminally. The U.S. Securities and Exchange Commission brought an administrative action against him.The case is U.S. v. Rajaratnam, 1: 09-cr-01184, U.S. District Court, Southern District of New York (Manhattan).

-Editors: Peter Blumberg, Fred Strasser

To contact the reporters on this story: David Glovin Federal Court in Manhattan to glovin@bloomberg.net; Patricia Hurtado in the Federal Court in Manhattan to phurtado@bloomberg.net; Bob Van Voris in Federal Court in Manhattan to the rvanvoris@bloomberg.net

To contact the editor responsible for this story: Michael Hytha to the mhytha@bloomberg.net

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Garrido plead guilty to Dugard kidnapping: lawyer

A Prosecutor in the case of a young girl from the North of California was held captive in a garden composed of 18 years, he expects defendant Phillip Garrido plead guilty of all charges and his wife to go to trialunless it gets a better plea agreement.

Jaycee Dugard shown in this undated photo. Was kidnapped, she spent 18 years in captivity. Child Quest handout/ReutersLawyer Stephen Tapson, who represents the defendant Nancy Garrido, said that her husband will probably make the plea of guilty Thursday at a conference before the trial.

"If some hitch does not develop, I am 99 percent sure that Phil will be"plead to the sheet"and eventually be condemned at the same time if judge has developed the correct number of hundreds of years," Tapson said, explaining that he learned that the development of discussions with a lawyer for Phillip Garrido and the Attorney General in the case.

Public defender Susan Gellman, representing Phillip Garrido, did not immediately return a telephone message seeking comment. El Dorado County District Attorney Vern Pierson refused to comment on.

The Garridos are loaded each with 18 counts charge of forgery of imprisonment, rape and child pornography. Nancy Garrido pleaded not guilty. Phillip Garrido, a convicted sex offender, has not yet entered a plea.

They are accused of the abduction of 11 years Jaycee Dugard from outside his home in 1991 in South Lake Tahoe.

If he is convicted on all counts, the maximum penalty for Nancy Garrido 181 years to life, while Phillip Garrido could obtain 431 years to life, according to El Dorado County Attorney of District Deputy James Clinchard.

Greg Phillip Garrido is located in the Court in its appearance, the Superior Court of El Dorado in Placerville, California on August 28, 2009. Kevin Bartram/ReutersThe Garridos held Dugard and her two daughters caused by Phillip Garrido in captivity until their arrest in August 2009, said prosecutors.

The Dugard case revealed problems with the California system for surveillance of convicted sex offenders after it was determined that the parole officers had missed many clues and opportunities to find him.

Dugard, now 30, received a settlement of $ 20 million after the State acknowledged repeated errors were committed by officials of parole responsible for monitoring Phillip Garrido. Since then, the State has increased monitoring of sex offenders.

Solicitors for all sides have said they wanted to avoid a Dugard trial did not testify, but now, it seems, can likely in the case of Nancy Garrido, Tapson said.

"Nancy never wanted him to testify," said Tapson.

Nancy Garrido and his attorney Gilbert areas at the El Dorado superior court in August 2009. Kevin Bartram/Reuters "it says that there are long and wanted a reasonable sentence, that the district attorney dismissed today."

Dugard said through his spokesman that she would be willing to testify if the case went to trial.

Tapson, said that the initial offer his client to 55 years was 40 to 50 years in prison, which meant that it could probably go out after 30 years. Tapson said that the district attorney had increased this offer to 183 years of life.

Attorney Pierson said the comments of the Tapson asking for sympathy for Nancy Garrido were offensive.

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