Galleon Insider Trading Trial

Rajaratnam's brother reaches insider trading deal with SEC

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NEW YORK - Rengan Rajaratnam, who was cleared of criminal insider trading charges following the conviction of his older brother, Galleon Group founder Raj Rajaratnam, has agreed to pay more than $841,000 to resolve civil claims by the U.S. Securities and Exchange Commission. The settlement was filed on Thursday by the SEC in New York federal court, three months after a federal jury in Manhattan acquitted Rengan Rajaratnam of conspiring to engage in insider trading, a rare defeat for

Rengan Rajaratnam, SEC to settle civil insider trading charge

NEW YORK - Rengan Rajaratnam, who was cleared of criminal insider trading charges following the conviction of his older brother, Galleon Group founder Raj Rajaratnam, has agreed to pay more than $841,000 to resolve civil claims by the U.S. Securities and Exchange Commission.

Rajaratnam acquittal shows indirect insider trading case challenge

NEW YORK - The acquittal on Tuesday of the younger brother of convicted hedge fund titan Raj Rajaratnam suggests prosecutors will have a tougher time pursuing people accused of trading on inside information they received indirectly.

Rengan Rajaratnam cleared, U.S. insider trading streak snapped

NEW YORK - Rengan Rajaratnam, the younger brother of convicted Galleon Group founder Raj Rajaratnam, was cleared on Tuesday of conspiring to engage in insider trading while at the hedge fund, ending a five-year winning streak by U.S. prosecutors.

Trial of Rajaratnam's brother ends as defense says U.S. case flawed

NEW YORK - A lawyer for Rengan Rajaratnam on Monday compared the government's insider trading case against the younger brother of Galleon Group founder Raj Rajaratnam to a jigsaw puzzle where the pieces had been wrongly jammed together.

Last count survives in Rajaratnam brother's insider trading trial

NEW YORK - Prosecutors avoided the dismissal of the last remaining count against Rengan Rajaratnam on Wednesday, a day after a federal judge tossed the primary fraud charges against Galleon Group founder Raj Rajaratnam's younger brother.

02 Jul 2014

Two counts tossed in Rajaratnam brother's insider trading trial

NEW YORK - A U.S. judge on Tuesday dismissed two securities fraud counts against Rengan Rajaratnam, the younger brother of Galleon Group founder Raj Rajaratnam, in a surprise development in the federal criminal insider trading case.

01 Jul 2014

Ex-McKinsey partner tells of tips in trial of Rajaratnam brother

NEW YORK - A former McKinsey & Co partner whose testimony helped convict Raj Rajaratnam for insider trading returned to court on Thursday to testify against the Galleon Group founder's younger brother, Rengan Rajaratnam.

26 Jun 2014

Rajaratnam's ex-driver sues, claims secret payments to prisoners

NEW YORK - A former driver for Raj Rajaratnam has sued the one-time billionaire, claiming he was fired for complaining about secret wire transfers the founder of the Galleon Group hedge fund made to fellow prisoners following his conviction for insider trading.

25 Jun 2014

Jury in trial of Rajaratnam's brother hears of insider's tips

NEW YORK - A former Intel Corp executive on Tuesday, testifying in the insider trading trial of Rengan Rajaratnam, told jurors how he leaked details of a major deal to the former Galleon Group portfolio manager's brother, Raj Rajaratnam.

24 Jun 2014
The headquarters of the Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg

Galleon case a new front for SEC?

(Westlaw News) - When the SEC brought charges against former Goldman Sachs director Rajat Gupta in an administrative proceeding -- rather than in federal court -- it signaled a possible new front in the SEC's pursuit of insider-trading cases.  Learn More