Bloomberg (Free subscription) | yesterday
Nov. 21 (Bloomberg) -- A court hearing to determine whether a 2001 criminal case against the chief accuser of Galleon Group founder Raj Rajaratnam will be unsealed was delayed for two weeks.
Bloomberg (Free subscription) | 11/19/2009
Nov. 19 (Bloomberg) -- Federal prosecutors in California won’t oppose the unsealing of a 2001 criminal case against the chief accuser of Galleon Group founder Raj Rajaratnam, according to a court filing by the hedge fund executive’s lawyer.
The Business Insider (Free subscription) | 11/19/2009
The man called "G" in the criminal complaint filed earlier this month in the wide-reaching New York inside trading case is a former Galleon executive. Wall Street Journal : A defendant accused of exchanging a case of cash for inside information has ties to Galleon Group's former No. 2 executive—the first link between a top executive at the hedge fund and smaller-time players cited...
The Business Insider (Free subscription) | 11/17/2009
Raj is still "confident" he can win. Earlier today we noted that prosecutors in the Raj Rajaratnam insider trading case requested 30 more days before they file indictment papers in order to "engage in further discussions with counsel about disposition of these cases." We also said that such requests are made for a variety of reasons, including, of course, for what the filing documents...
The Guardian (Free subscription) | 11/17/2009
A new book reveals how US federal prosecutors twist the law to criminalise legal activities, with connivence from the media Sharp-elbowed business executives and grasping politicians may not be especially popular figures within the American iconography. But membership in any of those classes is not a federal crime. Except when it is. In an important new book, Three Felonies a Day: How the Feds Target...
Globe and Mail (Free subscription) | 11/17/2009
Accused of insider trading in U.S., few on the island of his birth will say anything about him
EconomicPolicyJournal.com (Free subscription) | 11/17/2009
Prosecutors filed papers in federal court today saying that they and attorneys for billionaire Raj Rajaratnam and the five others charged a month ago in an insider trading case "have been engaged in, and are continuing, discussions concerning a possible disposition of these cases," according to Reuters.This could very well mean that Raj or some of the others charged are trying to cut a deal...
Reuters UK (Free subscription) | 11/17/2009
COLOMBO (Reuters) - Billionaire hedge fund titan Raj Rajaratnam's shadow in Sri Lanka is so big that his arrest in the United States initially knocked 5 percent off the local stock market.
The Business Insider (Free subscription) | 11/17/2009
Will what would be the most watched insider trading trial in years never be a trial at all? Prosecutors filed papers in federal court today saying that they and attorneys for Raj Rajaratnam and the five others charged a month ago "have been engaged in, and are continuing, discussions concerning a possible disposition of these cases," according to Reuters . Reuters : Rajaratnam, a Sri Lankan-born...
Reuters (Free subscription) | 11/17/2009
NEW YORK (Reuters) - Galleon Group founder Raj Rajaratnam and five others charged a month ago in the biggest U.S. hedge fund insider trading case will be in talks with prosecutors for at least another month over the allegations against them, court documents said on Monday.
Times Online (Free subscription) | 11/16/2009
Raj Rajaratnam, the billionaire at the centre of the Galleon Group insider-trading case, has asked the court to unseal records of an earlier criminal charge against the Government’s main witness.
The Daily Caveat (Free subscription) | 11/16/2009
Arrested late last week, Zvi Goffer's name has emerged as a lynchpin for insider information in the Galleon Group insider trading case. The track suit-wearing Goffer's activities represent another crooked crew operating alongside and in concert with the Raj Rajaratnam-led hedge fund scheme. One of Goffer's alleged key sources, Ropes and Gray attorney Arthur Cutillo, was also arrested.Given how
The Business Insider (Free subscription) | 11/16/2009
All of a sudden, the hedge fund world is in panic. The Galleon Group insider trading bust has raised important questions about the legality of the deep research and advance information hedge funds rely on for their investing edge. Prosecutors are using aggresive tactics usually associated with organized crime, like multi-year wire-taps and informants. Insider trading is of course illegal, but there's...
Reuters (Free subscription) | 11/13/2009
NEW YORK (Reuters) - Galleon Group founder Raj Rajaratnam, accused in the biggest U.S. hedge fund insider trading case, has asked a federal court to unseal records of a 2001 criminal charge against former trader Roomy Khan, one of the government's cooperating witnesses.
DealBook (Free subscription) | 11/13/2009
Raj Rajaratnam, the hedge fund executive accused of participating in a massive insider trading scheme, moved on Thursday to unseal a 2000 criminal case against the woman who admitted to giving him confidential information about a number of companies.
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