United States

Galleon Insider Trading Trial

Galleon's Rajaratnam loses bid to cut insider trading sentence


NEW YORK A federal judge on Friday rejected Galleon Group hedge fund founder Raj Rajaratnam's bid to void much of his insider trading conviction and shorten his 11-year prison sentence.

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