On October 16, 2009, the
Securities and Exchange Commission (SEC) instituted a civil injunctive action
in the United States District Court for the Southern District of New York
charging Raj Rajaratnam and his hedge fund advisory firm Galleon Management LP
with perpetrating a massive insider trading scheme that generated in excess of
$25 million in unlawful gains. The SEC charged six others involved in the
scheme, including senior executives at major companies IBM, Intel, and McKinsey
& Company. The complaint avers that Rajaratnam utilized his friends and
business associates to obtain insider tips and confidential information about
corporate earnings or takeover activity at numerous companies and used the
non-public information to illegally trade on behalf of Galleon.
Lexis.com subscribers can view the
complaints, briefs, indictments, and other documents related to the Galleon
litigation by clicking on the links below.
View
Briefs in SEC v. Galleon Management
View
Complaints in SEC v. Galleon Management
View
all Documents in SEC v. Galleon Management
View
Criminal Indictments in SEC v. Galleon Management
Read commentary and analysis:
Brian M. Quinn (M&A Law Prof
Blog): More Galleon Scalps
Thomas O. Gorman (SEC Actions blog):
Looking to the Past to Find the Future
The
USAO, The SEC and Stays: Enforcing the Law Fairly
Insider Trading: A Global Problem
The
First Galleon Defendant is Sentenced
News headlines:
Report: AMD ex-CEO said linked to Galleon case
Rajaratnam
Denies Insider Trading
Former AMD chief leaves current job
_____________________________________________
SEC v.
Galleon Mgmt., LP, 683 F. Supp. 2d 316, Feb. 9, 2010 (Motion to Compel
Discovery)
LexisNexis
Overview: SEC was entitled to production of wiretap recordings made by the DOJ
that involved defendants, pursuant to Fed. R. Civ. P. 26 because the documents
were relevant, and production of the recordings was not precluded by 18
U.S.C.S. § 2517. The court would issue a protective order to protect privacy
interests and stop unauthorized disclosure.
Lexis.com subscribers can view the enhanced version of SEC v. Galleon Mgmt., LP