SEC v. Galleon Mgmt., LP, 09 Civ. 8811

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

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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