SAP AG has been ordered to pay Oracle Corp $1.3 billion for stealing files in Silicon Valley's priciest legal controversy -- and San Francisco's top federal prosecutor may raise the stakes even more.
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.
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.
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.
A investigation into allegations of insider trading in the hedge fund industry for the first time reached former employees of billionaire trader Steven A. Cohen's SAC Capital Advisors.
Three hedge fund managers and a hedge fund analyst will be charged with insider trading, U.S. prosecutors said on Tuesday, the latest development in a broad probe of funds' trading activities.
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
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.
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.
Corrects headline and 4th paragraph to make clear Market Street not named as a defendant
A key cooperating witness in the U.S. government's probe of insider trading was a technology analyst named Karl Motey who made dozens of calls to gather evidence for the government, the Wall Street Journal reported on Monday, citing a person familiar with the case.
Tony Longoria had a way of talking about numbers in the technology industry that made him very popular with certain hedge fund managers.
U.S. authorities could announce a series of arrests in the next phase of a long-running insider trading investigation as early as next week, CNBC said in a report on Friday.
U.S. prosecutors on Monday recommended a six-month prison term for Robert Moffat, a former IBM executive who pleaded guilty in the Galleon hedge fund insider trading probe.
Galleon Group hedge fund founder Raj Rajaratnam is making an all-out legal assault to get the first wiretaps used in a widespread probe of insider trading on Wall Street thrown out, but legal experts doubt the defendant will succeed.
Former IBM Corp executive Robert Moffat, who admitted to charges of insider trading in the Galleon hedge fund probe, told Fortune magazine that his affair with co-defendant Danielle Chiesi was more about business than sex.
A Walt Disney Co employee and her boyfriend have been charged with a brazen insider trading scheme in which they said the media conglomerate was in advanced talks to sell its ABC TV network.
A Walt Disney Co employee and her boyfriend have been charged with an insider trading scheme in which they said Disney was in advanced talks to sell its ABC network -- a claim that Disney said was false.
Fortress Investment , one of the world's largest publicly traded alternative asset managers, plans to rebuild its Asian operations and is in the process of setting up an office in Singapore, sources said.
Lawyers for Goldman Sachs Group Inc have been served a subpoena to testify or provide information in a closely watched case of illegal insider trading allegations, according to a court document made public on Monday.
Goldman Sachs Group Inc, in a rare move, disclosed information about the many lawsuits and shareholder challenges facing the bank.
(Corrects fourth paragraph to show that the subpoena was revealed in a court document made public on Monday. The subpoena was not received on Monday.)
