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Galleon Management Pleadings and Briefs

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...

Two SEC Insider Trading Cases

The SEC filed back to back insider trading cases just prior to the Christmas holiday against unknown option purchasers. Each centers huge option trading positions. Each was brought to obtain a freeze of the trading profits. These cases contrast sharply with the recent expert network criminal complaint...

Father and Son Plead Guilty to Insider Trading Charges

Posted by Thomas O. Gorman The U.S. Attorneys Office in Manhattan and the SEC continue to work in tandem in their war on insider trading. Their most recent cases were brought against a father and son. The father is Clayton Peterson, a member of the board of directors and chairman of the audit committee...

THREE EXECUTIVES CHARGED WITH INSIDER TRADING AND FRAUD

The Commission brought fraud and insider trading charges against three executives who are alleged to have implemented a massive financial fraud and then sold millions of shares through 10b-5 plans. SEC v. Farha, Civil Action No. 8/12-cv-00047 (M.D. Fla. Filed Jan. 9. 2012). The complaint names as defendants...