(Bloomberg) -- Lawyers for Bill Hwang and the US government will appear in court Thursday to sort out scheduling for his trial, and new details may emerge about evidence in the case against the fallen billionaire.

The 3 p.m. meeting in lower Manhattan will be the first in front of US District Judge Andrew L. Carter Jr. and could include discussion of pretrial briefing and any defense motions to dismiss charges or limit the evidence the government can use.

Hwang was arrested April 27 and charged with fraud over last year’s collapse of Archegos Capital Management, his family office that at one point held market positions valued at $160 billion, according to prosecutors. Hwang and Patrick Halligan, the chief financial officer at Archegos, have pleaded not guilty and face decades in prison if convicted.

The fall of Archegos cost banks $10 billion and exposed huge problems in how risk is managed.

Read More: The Men Who Flipped on Bill Hwang Were Trusted Lieutenants

If Hwang, 57, and Halligan, 45, go to trial, two of their longtime colleagues -- former head trader William Tomita and ex-chief risk officer Scott Becker -- are expected to take the witness stand against them and give an insider’s view of the events that led to the meltdown. Tomita and Becker pleaded guilty and are cooperating with the government in hopes of leniency when they’re sentenced.

The judge, a Harvard Law School graduate appointed to the federal bench by Barack Obama in 2011, has overseen cases ranging from the corruption trial of former New York City corrections union chief Norman Seabrook to a contract and copyright infringement suit against rap star Jay-Z.

The case is US v. Hwang, 22-cr-00240, U.S. District Court, Southern District of New York (Manhattan).

Read More

  • Bill Hwang Seeks Probe of Morgan Stanley Over Short Squeeze
  • Leveraged Blowout: How Hwang’s Archegos Blindsided Global Banks 
  • Bill Hwang’s Arrest Sets Stage for Wall Street Crackdown 

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