GALLEON GROUP

  • Rajaratnam agrees to pay $1.5 million in SEC case December 27, 2012

    New York: US hedge fund manager Raj Rajaratnam has agreed to pay disgorgement of about $1.5 million in a civil lawsuit filed by the Securities and Exchange Commission, and to waive his right to appeal the judgment, court papers showed. Rajaratnam would make the payment, representing the profits obtained by...
  • Goldman CEO testifies at Rajat Gupta insider trial June 5, 2012

    New York: Lloyd Blankfein, the Chief Executive of Goldman Sachs Group Inc, told jurors at the insidertrading trial of one of the investment bank's former directors that "all parts" of a 2008 board meeting the two attended were confidential. "If something is discussed in a board meeting, it is confidential," Blankfein...
  • Rajaratnam gets 11 years jail for insider trading October 14, 2011

    New York: Raj Rajaratnam, a selfmade hedge fund tycoon convicted in the biggest Wall Street trading scandal in a generation, was ordered to serve 11 years in prison, the longest sentence ever in an insidertrading case but far less than prosecutors sought. Thursday's sentencing caps a prosecution, marked by secret wiretaps...
  • Judge denies Rajaratnam's bid to toss conviction August 17, 2011

    New York: Galleon Group hedge fund founder Raj Rajaratnam has lost a bid to have his conviction thrown out after he was found guilty on insider trading charges in May. US District Court Judge Richard Holwell on Tuesday denied Rajaratnam's renewed attempt for a judgment of acquittal on his conviction by...
  • Rajaratnam to be heard at next insider trial May 17, 2011

    New York: Convicted hedge fund tycoon Raj Rajaratnam is no longer on trial, but his voice is going to be heard again in court on at least one phone tap in the trial of his former employee, Zvi Goffer, potential jurors were told on Monday. Rajaratnam's name dominated the questioning of...
  • Rajaratnam trial: judge excludes video evidence April 5, 2011

    New York: A US judge hearing the insider trading case involving Raj Rajaratnam on Tuesday ruled that the prosecution could not submit as evidence videosurveillance footage that shows a former Intel Corp employee faxing confidential information to the Galleon group founder. Judge Richard Holwell ruled against the admissibility of the footage...
  • Rajratnam made frantic calls on Goldman tiptrail March 31, 2011

    New York: Fund manager Raj Rajaratnam made $1 million in two minutes of frantic calls after receiving an inside tip about a big investment in Goldman Sachs Group Inc at the height of the financial crisis, prosecutors said at the Galleon founder's insider trading trial. In the biggest Wall Street insider...
  • Goldman CEO says exdirector spilled secrets March 24, 2011

    New York: Goldman Sachs Group Inc chief Lloyd Blankfein testified that a former director at Wall Street's most powerful bank violated confidentiality by leaking boardroom secrets to hedge fund manager Raj Rajaratnam. Blankfein was called to testify by prosecutors in Manhattan federal court about Goldman's results in 2008, and a crucial...
  • Rajaratnam tapes to get lots of play at trial March 12, 2011

    New York: Regardless of whether Hedge Fund chief Raj Rajaratnam ends up testifying at his criminal trial, jurors are going to hear a lot from him. Testimony resumes on Monday in the biggest Wall Street insider trading trial in decades, with New York prosecutors expected to play more of the Galleon...
  • Indianorigin traders named in US insider trading case November 6, 2009

    New York: Four persons of Indian origin are among those charged in America's largest ever insider trading case replete with all the elements of a classic television crime drama wiretaps, clandestine cash handoffs and people with nicknames like "the Greek" and "the Octopussy". As outlined by federal prosecutors in New...
  • Tamil billionaire's arrest puts Sri Lanka on guard October 19, 2009

    Colombo: A Sri Lankanborn billionaire's arrest in the largest US hedge fund insider trading case triggered new scrutiny on Monday in his native country over the possibility his money found its way to Tamil rebels. US authorities on Friday charged Raj Rajaratnam, the 52yearold founder of the Galleon Group hedge fund,...
  • Scandal hits corporate role models IBM, McKinsey October 19, 2009

    New York: It isn't often that big blue gets a black eye. But on Friday IBM, the leading US technology firm known for its conservative management, found itself entangled in the largest ever hedge fund insidertrading scheme involving Galleon Group founder Raj Rajaratnam. Robert Moffat, senior vice president and head of...