INSIDER TRADING

Ex-Galleon manager describes hedge fund pressures

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A former portfolio manager at Raj Rajaratnam's Galleon Group described pressure at the hedge fund to get an edge in stock trades and said he passed on secret details about companies to his boss.

Rajaratnam brother removed Galleon records: filings

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A former Galleon Group trader contends he saw a brother of accused hedge fund founder Raj Rajaratnam remove notebooks from their office on the day of Rajaratnam's October 2009 arrest, according to trial documents.
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White-collar wiretaps can lead to legal challenges

NEW YORK, March 17 - In the ongoing insider-trading trial of Raj Rajaratnam, the government is firing some potent missiles from its arsenal of 2,400 taped phone conversations. But in a related case, a federal judge recently rebuked investigators for their handling of a wiretap, showing this powerful tool can open the government to uncomfortable legal challenges.
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Rajaratnam lawyer: information public, not secret

Accused hedge fund manager Raj Rajaratnam did not get secrets about Advanced Micro Devices Inc and eBay Inc from a former high-placed friend because the information was already public, his lawyer argued at trial on Wednesday.
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Ex-McKinsey partner tells jury he tipped Rajaratnam

A disgraced former partner at McKinsey & Co told jurors he leaked stock tips about the elite consulting firm's clients to Raj Rajaratnam, in dramatic testimony at the biggest U.S. insider trading trial in years.
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Greed drove Rajaratnam's network: prosecutor

A U.S. prosecutor told a jury that greed drove hedge fund manager Raj Rajaratnam to establish a corrupt network of people to trade on inside information and make millions in illegal profits, as the trial got under way in the biggest Wall Street insider trading case in a generation.
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Jurors chosen for Rajaratnam insider trial

Prosecutors and defense lawyers for onetime hedge fund billionaire Raj Rajaratnam will clash in a high-stakes face-off in court on Wednesday when they make their cases to a jury in the biggest Wall Street insider trading case in a generation.
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Lawyers to duel at Rajaratnam insider trial in NY

The biggest Wall Street insider trading criminal case in a generation goes to opening statements on Wednesday, when prosecutors and defense lawyers for Galleon Group founder Raj Rajaratnam face off in court.
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Jury to hear gripping opening of Rajaratnam trial

The biggest Wall Street insider trading criminal case in a generation goes to trial on Wednesday, when prosecutors open their case against Galleon Group founder Raj Rajaratnam whose arrest 16 months ago shook the hedge fund world.
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Rajaratnam trial heads to opening statements

The biggest U.S. insider trading case in decades was expected to head into opening statements on Wednesday in a court showdown between prosecutors and lawyers for Galleon hedge fund founder Raj Rajaratnam.
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Rajaratnam trial starts, judge questions jury pool

The criminal trial of hedge fund founder Raj Rajaratnam, at the center of the biggest U.S. insider trading probe in decades, began on Tuesday with the judge asking potential jurors whether they could be fair in deciding the case of a wealthy financial executive.
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Raj Rajaratnam trial starts as judge questions jury pool

The criminal trial of hedge fund founder Raj Rajaratnam, at the center of the biggest insider trading probe in decades, began on Tuesday with the judge asking potential jurors whether they could be fair in deciding the case of a wealthy financial executive.
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Raj Rajaratnam in court for insider trading trial

Galleon hedge fund founder Raj Rajaratnam, the central figure in the biggest U.S. insider trading case in a generation, went to trial on Tuesday in a showdown with prosecutors that will feature wiretap evidence and the testimony of former friends and associates.
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U.S. plans audiotapes of Rajaratnam-Gupta conspiracy

Federal prosecutors said they plan to introduce audiotape evidence at next week's trial of Raj Rajaratnam showing that the Galleon Group founder conspired with former Goldman Sachs Group Inc director Rajat Gupta to get inside tips about the Wall Street bank.
Galleon hedge fund founder Rajaratnam departs federal court in New York

Courtroom showdown in Galleon trading probe

A sweeping insider trading case that shook the hedge fund world is finally set for trial, with onetime billionaire Raj Rajaratnam fighting to stay out of prison in a courtroom drama over corporate secrets, tapped telephones and friends-turned-government witnesses.
Goldman Sachs Chairman and CEO Lloyd Blankfein is sworn in before testifing at Senate Homeland Security and Governmental Affairs Investigations Subcommittee hearing

Goldman's Blankfein to testify at Galleon insider trading

Goldman Sachs Group Chief Executive Lloyd Blankfein has agreed to testify for the U.S. government at the upcoming trial of Galleon hedge fund founder Raj Rajaratnam, the Wall Street Journal reported, citing people familiar with the matter.
Rajat Gupta

UN adviser Rajat Gupta had role in insider-trading case: SEC

Rajat Gupta, former McKinsey’s chief and currently special adviser to the secretary-general of the United Nations on management reforms, has been accused by the Securities and Exchange Commission (SEC) of having role in a major hedge fund insider-trading case.
Rajat K. Gupta

Gupta, Rajaratnam calls on Goldman, P&G

U.S. market regulator said former Goldman Sachs Group Inc and Procter & Gamble Co board member Rajat Gupta tipped Galleon hedge fund founder Raj Rajaratnam in phone calls about confidential company information. Gupta's lawyer said the allegations are baseless.
A sign shows the address of the Goldman Sachs headquarters building in New York

SEC charges ex-Goldman director Rajat Gupta in insider case

Former Goldman Sachs Group Inc director Rajat Gupta leaked secret details to Galleon Group hedge fund manager Raj Rajaratnam about Warren Buffett's plan to invest $5 billion in the Wall Street bank at the height of the financial crisis, a U.S. securities regulator charged.
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FrontPoint completes split from Morgan Stanley

FrontPoint Partners, the $4.5 billion hedge fund ensnared in the government's insider trading probe, is back on its own after more than four years of living with investment bank Morgan Stanley .

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