Ex-Pimco Chief Wins Chance at Do-Over in College Cheating Case

Former Pimco chief Douglas Hodge may get a rare chance at re-sentencing as a judge weighs his bid to set aside part of his guilty plea in the college admissions scandal because of alleged misconduct by prosecutors.

A federal appeals court in Boston this month agreed to put Hodge’s challenge to his case on hold while he asked U.S. District Judge Nathaniel Gorton to let him withdraw his plea to money-laundering conspiracy and be sentenced only for fraud conspiracy. Gorton on Tuesday agreed to consider the request, citing “extraordinary circumstances.”

Hodge got the stiffest sentence for a parent in the ...