Pravin Rao Quoted on Madoff Plea Agreement Possibilities

Prosecutors of Bernard Madoff submitted an intent to file a criminal information earlier this month which is usually an indication that settlement negotiations are in an advanced stage said Partner Pravin Rao in a recent Law360 article. The government usually does this when a grand jury indictment would be a waste of time and money. But, "Madoff could still go to trial," cautioned Rao, "People change their minds, and then you’re stuck in a trial two years from now."