UPDATE 1-Ex-McKinsey director may be in Galleon plea deal

* Kumar agrees to waive indictment in Galleon case

* Prosecutors to file further details with court

* Kumar may have plea deal with prosecutors

By Emily Chasan and Jonathan Stempel

NEW YORK, Dec 30 (Reuters) - Anil Kumar, a former McKinsey
& Co director accused of leaking information in the Galleon
hedge fund case, has agreed to waive indictment in the case,
signaling that he may have reached a deal with prosecutors that
could include a guilty plea.

According to a court document filed on Wednesday, the U.S.
attorney's office in New York said it intends to file more
documents related to Kumar's case with the court. Such
documents, known as an "information," typically indicate some
sort of deal between prosecutors and the defendant has been
reached.

Robert Morvillo, a lawyer representing Kumar, did not
immediately return a call seeking comment. A call to
prosecutors was not immediately returned.

McKinsey on Dec. 4 said Kumar had left the firm, after he
had been placed on indefinite leave.

Earlier this month, Galleon founder Raj Rajaratnam and
Danielle Chiesi, an executive at New Castle Funds, pleaded "not
guilty" to charges of securities fraud, after the two were
indicted in what prosecutors contend is the largest insider
trading ring bust in history.

Prosecutors had accused Kumar of providing inside
information about Advanced Micro Devices Inc (AMD.N), a company
he advised, to Rajaratnam.

The men had become friends while attending the Wharton
School at the University of Pennsylvania.

Earlier this month U.S. prosecutors filed court papers
saying they would agree to delay the indictments of four of
those arrested in the Galleon case, while going ahead with
formal indictments of Rajaratnam and Chiesi.

According to the documents, prosecutors agreed not to file
indictments against Kumar, former International Business
Machines Corp (IBM.N) executive Robert Moffat, a former Intel
Capital (INTC.O) employee, Rajiv Goel, and Mark Kurland, an
executive who worked at New Castle Funds with Chiesi.

Six traders or lawyers have previously pleaded guilty in
the case.

The case is U.S. v. Rajaratnam, U.S. District Court,
Southern District of New York, No.
09-02306.
(Reporting by Emily Chasan and Jonathan Stempel, editing by
Matthew Lewis)