The decision was presumably made after hearing about former Goldman Sachs board member, Rajat Gupta, calling up Raj Rajaratnam with earnings information 23 seconds after getting it from GS management. NOBODY PLAYS LLOYD LIKE THAT!
The spectacle of Mr. Blankfein taking the stand in the criminal trial is sure to attract attention to the already high-stakes affair. Prosecutors and the defense are pulling out the stops in a six-week trial, set to start Tuesday. The stakes are significant for Mr. Rajaratnam and the government, which has been aggressively pursuing insider trading cases in the 19-month tenure of Manhattan U.S. Attorney Preet Bharara. Though Mr. Blankfein has agreed to testify, he isn't guaranteed to appear. He could fall off the agenda, depending on how the trial proceeds.
1) This is happen. 2) Rajat Gupta has clearly made it onto LB's personal shit list so regardless of whether or not he takes the stand, Gupta should consider getting out of town and fast. Unless, he wants to see what Lucas vP looks like an executioner's mask on.