Mark Kurland , a co-founder of New Castle Funds LLC, was ordered to serve 27 months in prison after pleading guilty in the Galleon Group LLC insider-trading case, becoming the first defendant in the scheme to be sentenced.
Mark Kurland , a co-founder of New Castle Funds LLC, asked a judge to give him probation when he becomes the first defendant sentenced in the Galleon Group LLC insider-trading case that snared Raj Rajaratnam .
Danielle Chiesi, the former New Castle Funds LLC analyst sentenced to 2-1/2 years in prison after pleading guilty to passing inside stock tips to Galleon Group LLC co-founder Raj Rajaratnam, must surrender to begin her prison term on Sept. 20, a federal judge ruled.
A federal appeals court blocked a demand by the Securities and Exchange Commission for wiretaps from the insider-trading prosecution of Galleon Group co-founder Raj Rajaratnam for use in its related civil suit.
Danielle Chiesi , the former New Castle Funds LLC consultant charged with passing inside information to Galleon Group LLC co-founder Raj Rajaratnam and others, pleaded guilty in federal court in New York.
Raj Rajaratnam, co-founder of the Galleon Group LLC hedge fund, is at the center of the largest U.S. crackdown on hedge-fund insider trading in U.S. history. His trial begins March 8 in federal court in Manhattan, where his friends and former associates may testify against him.
A former Akamai Technologies Inc. executive agreed to pay more than $145,000 to settle a Securities and Exchange Commission lawsuit accusing him of trading on inside information and passing tips used by convicted Galleon Group LLC co-founder Raj Rajaratnam.
Galleon Group LLC co-founder Raj Rajaratnam , at the center of largest crackdown on hedge-fund insider trading in U.S. history, didn’t take the witness stand as jurors heard one last wiretapped recording in his trial.