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An ex-Galleon portfolio manager testified in the trial of former Proctor and Gamble (P&G) board director Rajat Gupta that he had traded in the consumer giant's stocks in 2009 after learning that Raj Rajaratnam had a "guy" on the company's board. Michael ...
May 26, 2012 at 08:39 | Source: Business Standard
NEW YORK (Reuters) - It was during a quiet afternoon in the sixth week of the insider-trading trial of hedge fund billionaire Raj Rajaratnam that prosecutor Reed Brodsky sprang one of those rare surprises usually seen only in the movie version ...
May 21, 2012 at 18:39 | Source: msnbc.com
After Raj Rajaratnam got what prosecutors say was an illegal tip about Goldman Sachs Group Inc, a partner at Galleon Group LLC who was excluded from the trade turned red-faced and angry, a witness at the Rajat Gupta trial testified. Prosecutors claim that ...
May 23, 2012 at 19:12 | Source: Business Standard
Michael Cardillo, an ex-Galleon Group LLC portfolio manager, testified he traded on Procter & Gamble Co. (PG) stock in 2009 after learning that Raj Rajaratnam had a “guy” on the consumer-product’s company’s board. Cardillo testified ...
May 24, 2012 at 23:57 | Source: Bloomberg
Prosecutors used a secret recording of Galleon Group LLC co-founder Raj Rajaratnam and phone records from a McKinsey & Co. conference room to link Rajat Gupta to what they say was an illegal tip about Goldman Sachs Group Inc. (GS) (GS ...
May 24, 2012 at 15:07 | Source: Businessweek
On a Sept. 24, 2008, call, Mr. Rajaratnam tells Ian Horowitz, his trader at Galleon, that he received a call the day before, just ahead of the market close, from someone who said “something good might happen at Goldman.” Prosecutors say the ...
May 25, 2012 at 12:29 | Source: Wall Street Journal
Government witness Special FBI Agent Thomas Zukauskas told the Manhattan court that the agency wiretapped 2,191 calls made to Galleon founder Rajaratnam's mobile between March 2008 and December 2008 from six in the morning to midnight everyday ...
May 24, 2012 at 14:10 | Source: MoneyControl.com
Rajaratnam was convicted of 14 counts of conspiracy and securities fraud a year ago and is serving an 11-year prison sentence -- the longest for insider trading in the U.S. His hedge fund, Galleon Group, was shuttered following his 2009 arrest.
May 22, 2012 at 10:16 | Source: Huffington Post
After Goldman Sachs Group Inc. Director Rajat Gupta told Galleon Group LLC co-founder Raj Rajaratnam about topics raised at a bank board meeting, the hedge fund manager increased by $4 million Gupta's stake in a fund in which both men were investors ...
May 16, 2012 at 01:48 | Source: Stamford Advocate