- S.E.C. Likely to Charge More People in Galleon Case
- Rajaratnam Prosecutors Have ‘More Than One’ Witness to Trades
- Galleon to Return Most Money ‘Shortly After’ Nov. 30
S.E.C. Likely to Charge More People in Galleon Case – NY Times
Prosecutors indicated Wednesday they intend to bring charges against additional defendants in the wide-ranging insider-trading case against Raj Rajaratnam, the billionaire founder of the Galleon Group, and five others.
“There is a real possibility that we will be adding additional parties,” Valerie Ann Szczepanik, a lawyer for the Securities and Exchange Commission, said at a Manhattan court hearing in the civil case…..
Rajaratnam Prosecutors Have ‘More Than One’ Witness to Trades – Bloomberg
Federal prosecutors told a U.S. judge they have “more than one” witness ready to testify against Raj Rajaratnam, the Galleon Group hedge fund founder accused of directing an elaborate insider-trading ring.
The government made its disclosure yesterday in court papers in New York opposing Rajaratnam’s request for reduced bail…..
Galleon to Return Most Money ‘Shortly After’ Nov. 30 – Bloomberg
Galleon Group LLC told investors it plans to return most of their money “shortly after” Nov. 30, when it calculates the value of the assets…..
Tags: Galleon, Hedge funds, Insider Trading, Legal, Raj Rajaratnam
