Litigation

Recent Posts

Former Galleon Chief Ordered To Pay SEC Record $92.8 Million Penalty
Posted on 9 Nov 2011 by Timothy Raub

NEW YORK - (Mealey's) A federal judge in New York on Nov. 8 ordered former Galleon Management Co. General Partner Raj Rajaratnam to pay a nearly $93 million civil penalty to the Securities and Exchange Commission for his role in a massive insider... Read More

The Week In Securities Litigation: SEC Settles 2 Insider Trading Cases
Posted on 22 Mar 2013 by Thomas O. Gorman

The SEC settled two insider trading cases this week in which S.A.C. Capital was named as a relief defendant. In one it obtained the largest payment to date in an insider trading case, about $600 million. Reportedly S.A.C. Capital will fund the settlement... Read More

Ex-Goldman Director Sues SEC After Civil Charges
Posted on 21 Mar 2011 by LexisNexis Litigation Resource Community Staff

NEW YORK - (AP) A former Goldman Sachs board member accused the Securities and Exchange Commission on Friday of unfairly spoiling his reputation by accusing him of passing along inside information without ever bringing the accusations in federal court... Read More