Mike Silverman News
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Goldman Sachs Group Inc., McKinsey & Co. and Intel Corp. are among the companies that may be sued or suffer damage to their reputations after witnesses at the trial of Galleon Group LLC co-founder Raj Rajaratnam describe insider leaks.
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Advanced Micro Devices Inc. , the second-largest maker of processors for personal computers, said Chief Operating Officer Robert Rivet is leaving the company, the second senior executive to depart in a month.
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Three people who worked at technology firms, including chipmaker Advanced Micro Devices Inc. , were arrested along with an “expert networker” as federal prosecutors expanded a probe of insider trading to companies.
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Advanced Micro Devices Inc. said Mark Anthony Longoria, arrested by the Federal Bureau of Investigation as part of an insider-trading investigation, is no longer an employee of the company.
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An unidentified Morgan Stanley banker provided information on Advanced Micro Devices Inc. ’s purchase of ATI Technologies Inc., U.S. prosecutors in the Raj Rajaratnam insider-trading case said.
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The arrests of three technology company workers who allegedly sold secrets about Apple Inc., Dell Inc. and Advanced Micro Devices Inc. signal the U.S. may be closing in on the hedge funds that paid for their expertise.
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Don Chu spent years building technology contacts in his native Taiwan before a hedge fund manager with a history of insider trading secretly recorded him at the behest of the U.S. Federal Bureau of Investigation.
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