Ali Far, a former Galleon Group LLC fund manager, was spared a prison sentence after giving prosecutors “substantial assistance” by secretly recording conversations with the fund’s co-founder Raj Rajaratnam and three other insider traders.
India’s Odisha state resumed land acquisitions to enable Posco, Asia’s third-largest steelmaker, to begin building a $12 billion steel plant, a project delayed for more than seven years by farmer protests and bureaucracy.
Ali Far, a former Galleon Group LLC fund manager, provided “substantial assistance” by secretly recording conversations with to the fund’s co-founder Raj Rajaratnam and three other insider traders, prosecutors said.
White & Case LLP hired mergers and acquisitions lawyer Daniel Dufner as a partner in the firm’s New York office. Dufner, who joins from Linklaters LLP, was previously a partner at White & Case from 2004 to 2009. Dufner represented WellPoint Inc. in its $4.9 billion acquisition of Amerigroup Corp. He has also represented EchoStar Corp., Dish Network Corp. and Blockbuster Entertainment Corp., the firm said.
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.
Before asking ex-Galleon Group LLC U.S. President Richard Schutte about $25 million in investments he received from Raj Rajaratnam and his family, prosecutors sought to make sure defense lawyers didn’t prepare Schutte for the question.
Rajiv Goel, the former Wharton classmate of Raj Rajaratnam who testified against the Galleon Group LLC co-founder, was sentenced to probation for his role in the biggest hedge fund insider-trading scandal in U.S. history.
Michael Cardillo, the ex-Galleon Group LLC portfolio manager who was the first person to tell the U.S. that former Goldman Sachs Group Inc. Director Rajat Gupta was a source of illegal tips for Raj Rajaratnam, was sentenced to three years of probation.
A second Goldman Sachs Group Inc. employee is under investigation for passing illegal tips to Galleon Group LLC co-founder Raj Rajaratnam, a lawyer for former Goldman Sachs Director Rajat Gupta said in court today.