Galleon Group

  • Rajaratnam gets 11 years jail for insider trading 14-10-2011 03:36 AM

    New York: Raj Rajaratnam, a self-made 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 insider-trading case but far less than prosecutors sought. Thursday's sentencing caps a prosecution, marked by secret...
  • Judge denies Rajaratnam's bid to toss conviction 17-08-2011 07:18 AM

    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...
  • Rajaratnam to be heard at next insider trial 17-05-2011 08:33 AM

    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...
  • Rajaratnam trial: judge excludes video evidence 05-04-2011 10:27 PM

    New York: A US judge hearing the insider trading case involving Raj Rajaratnam on Tuesday ruled that the prosecution could not submit as evidence video-surveillance 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...
  • Rajratnam made frantic calls on Goldman tip-trail 31-03-2011 08:42 AM

    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...
  • Goldman CEO says ex-director spilled secrets 24-03-2011 08:23 AM

    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...
  • Rajaratnam tapes to get lots of play at trial 12-03-2011 12:13 PM

    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...