INSIDER TRADING

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.

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 .

Blindsided by love, says accused ex-Disney employee

She did it for love, a designer handbag and shoes. Bonnie Hoxie, a former Walt Disney Co (DIS.N) executive's secretary, told a federal judge on Tuesday she was blindsided by love and did not make the correct choices in giving confidential company information to her then-boyfriend a year ago.

Redemption requests top $1 billion at Diamondback

Investors in Diamondback Capital Management, one of four hedge funds raided by federal authorities last year as part of an insider trading probe, have asked to pull more than $1 billion from the firm, a source familiar with the fund's communications to clients said on Tuesday.

Former Qwest CEO Nacchio withdraws appeal

Former Qwest Communications chief Joseph Nacchio voluntarily withdrew an appeal of his criminal conviction on Friday, marking what may be the final chapter of his long running insider trading case.

Hedge fund managers arrested in insider case

Two hedge fund managers were arrested on insider trading charges on Tuesday, while another portfolio manager and an analyst agreed to plead guilty in connection with the probe, the latest development in a broad investigation of hedge funds' trading activities.

Outgunned by Wall Street, SEC warns of fraud

Tighter budgets at the U.S. Securities and Exchange Commission could mean killing vital technology upgrades needed to catch swindlers, the agency's chief said on Friday in a blunt appeal for more funding.

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Raj Rajaratnam, the principal in the $21 million Galleon Group hedge-fund insider trading case, leaves at Manhattan Federal Court for a bail hearing on conspiracy and securities fraud charges in New York

Two ex-Galleon men plead guilty; Rajaratnam named

Two former Galleon Group portfolio managers admitted to charges of insider trading on confidential company information, strengthening the government's case against Galleon hedge fund founder Raj Rajaratnam a month before his trial
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Morgan Stanley banker drawn into Galleon investigation: report

A Morgan Stanley banker named Kamal Ahmed is under investigation by U.S. authorities for leaking information regarding an upcoming takeover that ultimately was passed on to Galleon Group founder Raj Rajaratnam, the Wall Street Journal said, citing people close to the situation.

WaMu eyes March bankruptcy exit: attorney

Washington Mutual Inc could be out of bankruptcy in March after reworking its recently rejected plan of reorganization, the attorney overseeing the company's bankruptcy said on Tuesday.
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New guilty plea in insider trading case

A former technology analyst with Primary Global Research pleaded guilty on Tuesday to leaking confidential company information to hedge funds, part of the U.S. government's broad insider trading probe.
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SEC sues Trivium in Galleon case

The Securities and Exchange Commission brought civil insider trading charges against the co-founder of a one-time $900 million hedge fund as part of the ongoing Galleon hedge fund probe.
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