Rajat Gupta's lawyer Gary Naftalis caused quite a stir in the courtroom on Friday when he announced that his client, charged with insider trading, is "highly likely" to take the stand.
On Sunday, however, Naftalis wrote to Judge Jed Rakoff backing out of the decision.
"We have the spent the last day reviewing what we believe we need to present in the defense case," he wrote. "After substantial reflection and consideration, we have determined that Mr Gupta will not be a witness on his own behalf in the defense case."
Gupta, the former global head of McKinsey & Co, is charged with passing on confidential information about Goldman Sachs Group Inc and Procter & Gamble Co while serving as a director.