Scott London, the former KPMG partner who has agreed to plead guilty to insider trading charges, is now scheduled to be arraigned in United States District Court on Monday, June 17 at 1:00 p.m. See yesterday’s press release announcing the filing of a plea agreement at: http://www.justice.gov/usao/
London was originally scheduled to be arraigned tomorrow, May 30 (although yesterday’s press release mistakenly said the arraigned was scheduled for Friday).
The arraignment on June 17 will take place in courtroom 341 of the Roybal Federal Building at 255 East Temple Street in downtown Los Angeles.
London will NOT be pleading guilty at the arraignment. At the arraignment, a “not guilty” will automatically be entered and the case will be randomly assigned to a United States District Judge. At this point, United States District Judge George H. Wu, who already is handling the case of the other man involved in the insider trading scheme (Bryan Shaw), will decide if he wants to take London’s case. In short, it will likely be a few days after the arraignment before we get a date for London to actually enter the guilty plea.