Billionaire collector William Koch, after waging a $17 million legal battle over 24 bottles of counterfeit Bordeaux, was awarded $12 million in punitive damages by jurors, some of whom shook his hand after court.
David Slaine had a secret for the FBI that summer day, one of scores he would eventually reveal in his role as a dream informant. The subject was Teterboro Airport. Slaine claimed a money manager he knew was using it to profit quietly on trades of health-care stocks.
Raj Rajaratnam, the Galleon Group LLC hedge fund manager sentenced to 11 years in prison for masterminding an insider-trading scheme, made inaccurate statements about the federal investigation in an interview published in Newsweek magazine, U.S. officials said.
Rajat Gupta, the former Goldman Sachs Group Inc. director once accused of feeding inside information to Galleon Group LLC’s Raj Rajaratnam, will face federal charges, a person familiar with the matter said, making him the highest-ranking executive to be named in the probe.
Rajat Gupta, the former Procter & Gamble Co. director indicted last year for insider trading, illegally tipped now-convicted hedge fund manager Raj Rajaratnam about P&G’s 2008 sale of Folgers Coffee Co. to J.M. Smucker Co., federal prosecutors said.
Two former executives of Bernard Madoff appeared in court after their arrests in connection with the money manager’s multibillion-dollar Ponzi scheme, which has led to charges against at least eight people.
SAC Capital Advisors LP’s trading in InterMune Inc. in 2010 as well as trades in Weight Watchers International Inc. last year are being investigated by the U.S., a person familiar with the matter said.