An ex-Galleon Group LLC trader and expert-networking consultant were sentenced yesterday to 10 years and four years in prison for their roles in a nationwide insider-trading scandal, just three weeks before Raj Rajaratnam, the man at the center of the investigation, is to learn his fate.
Billionaire Philip Falcone’s hedge fund, Harbinger Capital Partners LLC, was told it may be sued by federal regulators for securities-law violations and said it plans to halt investor withdrawals at year-end.
AT&T Inc. said its proposed $39 billion acquisition of T-Mobile USA Inc. is good for mobile- phone customers and that the U.S. lawsuit seeking to block the deal “fails to come to grips” with its benefits.
AT&T Inc. and the U.S. clashed over the deadline for submitting reports by government economists and other experts in the Justice Department’s lawsuit to block the wireless carrier’s $39 billion takeover of T-Mobile USA Inc.
AT&T Inc. and the U.S. asked the federal judge overseeing the government’s lawsuit seeking to block the company’s purchase of T-Mobile USA Inc. to deny a bid by Google Inc. to enter the case to protect its confidential data.