SECURITIES FRAUD

  • 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...