Posts Tagged ‘Galleon Group
More Bad News for Rajaratnam, Goldman
When it rains, it pours. Just weeks after prosecutors told Galleon Group founder Rajaratnam’s defense team that it was now looking into Galleon’s trading of Goldman shares in 2008, it was announced that they are now also looking into the possibility that Rajat Gupta, a longtime friend and associate of Rajaratnam’s and Goldman Sachs current [...]
Rakoff Postpones Galleon Trial Until 2011, Demands More Info on Schottenfeld Settlement
In a major coup for Galleon Group founder Raj Rajaratnam, his lawyers won a motion to adjourn his civil trial until February 14, 2011. Not exactly how I’d want to be spending my Valentine’s Day… But you know that, at least for now, Raj is feeling the love for U.S. District Judge Jed Rakoff. The [...]
Two main Galleon Defendents Request Separate Trials
Former New Castle Funds LLC trader Danielle Chiesi is looking pretty good these days, all things considered. (I can’t post the picture because I don’t own the rights or have that kind of money, but here’s the link). I mean, she is a co-defendant in what prosecutors are describing as the biggest hedge fund insider-trading [...]
Galleon Criminal Trial Postponed Until After Civil Suit
According to the Wall Street Journal, the judge presiding over Galleon Group LLC founder Raj Rajaratnam’s criminal trial has finally set a date: October 25, 2010. According to a court document cited on HedgeCo.Net, the judge felt that by postponing the trial until this time, it would “[ensure] a full opportunity for both sides to [...]
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