Two More Galleon Related Insider Trading Cases

As the Galleon trial approaches the insider trading ring that that began with two Ropes and Gray associates and the Galleon investigation keep spawning insider trading cases. Two new SEC civil insider trading actions and a criminal case were filed. In SEC v. Smith , Civil Action No. 11-CV-0535...

The Gupta Insider Trading Case – Significant Questions

The Gupta insider trading case is a significant, high profile action by an SEC Enforcement program which is working hard to restore its lost luster. Mr. Gupta is a former Goldman Sachs director, a firm which is an icon of Wall Street. He is a current director of Proctor and Gamble, a company with...

Inside The Mind of An Inside Trader

No Big 4 audit firms or their partners have been named in the insider trading scandal surrounding the now-defunct hedge fund Galleon Management. But the SEC has accused one of the most prominent businessmen ever implicated in such crimes, Rajat Gupta, a former McKinsey & Company Global Managing...

Another Galleon Defendant Is Sentenced to Prison

Another defendant in the on going Galleon insider trading investigation was sentenced to prison. This time it was Jason Goldfarb who previously pleaded guilty. The court sentenced Mr. Goldfarb to three years in prison. U.S. v. Goffer, No. 1:10-cr-00056 (S.D.N.Y.). Mr. Goldfarb was involved in the...

SEC Settles Two Galleon Related Insider Trading Cases

The SEC resolved two Galleon related insider trading cases. One involved Robert Feinblatt, a co-founder and former principal of hedge fund Trivium Capital Management LLC. SEC v. Feinblatt, Civil Action No. 11-CV-0170 (S.D.N.Y.). The other was against Anthony Scolaro, a former portfolio manager at...

This Week in Securities Litigation (October 14, 2011)

This week three Galleon related defendants were sentenced to prison for insider trading, including Raji Rajaratnam. The Commission filed another significant market crisis case naming the senior officers of a failed bank as defendants. The Commission also filed a settled insider trading case, an action...

I Wonder if We Will Laugh at his Phone When He Gets Out?

You could watch the movie Wall Street and many things may still ring true. Of course its the 1980s, so the clothes and the women's hair stick out. But the icon is the big brick cell phone. It was huge and expensive for its time. And all it did was makes phone calls. It was enough of an iconic...