Reed Brodsky

Reed Brodsky News

  • Galleon’s Far Gets One Year Probation After Aiding U.S.

    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.

  • Posco India, ING 401(k)-Trading, Ticking Up: Compliance

    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.

  • Galleon’s Far Recorded Rajaratnam to Aid Probe, U.S. Says

    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, Schulte Roth, Skadden, S&C: Business of Law

    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.

  • Rajaratnam Sought to ‘Conquer’ Wall Street, U.S. Says as Defense Responds

    Raj Rajaratnam , the Galleon Group LLC co-founder accused at trial of insider trading, sought to “conquer” Wall Street by corrupting friends and employees of his hedge fund, a prosecutor told jurors.

  • Dream Insider Informant Led FBI From Galleon to SAC

    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.

  • U.S. Prosecutors Sought to Prevent Defense From Preparing Galleon Witness

    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.

  • Rajaratnam Case Cooperator Goel Gets Two Years Probation

    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.

  • Ex-Galleon Fund Manager Cardillo Gets 3 Years Probation

    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.

  • Rajaratnam Had Two Goldman Employee Tippers, Lawyers Say

    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.

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