The U.S. Securities and Exchange Commission sued Joseph Mancuso, a former trader at Schottenfeld Group LLC, accusing him of making about $350,000 on a series of illegal tips from Zvi Goffer, a former Galleon Group LLC trader.
Thomas Hardin , the former Lanexa Global Management trader called “Tipper X” in the Galleon Group LLC insider-trading case, was ordered to pay a $19,000 judgment in a U.S. Securities and Exchange Commission lawsuit.
Delaware Chancery Court Chief Judge William B. Chandler III , who oversaw challenges to the Walt Disney Co. and Hewlett-Packard Co. boards as head of one of the most important U.S. business litigation courts, is stepping down. Chandler, 60, led the influential five-member court since 1997 and most recently ruled on Air Products & Chemicals Inc. ’s hostile $5 billion bid for Airgas Inc.
A former Schottenfeld Group LLC employee was sentenced to probation after telling a judge he gave New York’s homeless thousands of dollars earned from an insider-trading scheme tied to the Galleon Group LLC scandal.
Thomas Hardin, a former managing director at hedge fund investment adviser Lanexa Management LLC, was sued by the U.S. Securities and Exchange Commission for insider trading of the securities of Hilton, Google and Kronos. The suit is in connection with the Galleon Management probe, the SEC said in a statement on its website.
Raj Rajaratnam, co-founder of the Galleon Group LLC hedge fund, is at the center of the largest U.S. crackdown on hedge-fund insider trading in U.S. history. His trial begins March 8 in federal court in Manhattan, where his friends and former associates may testify against him.
Wesley Wang, a hedge fund consultant who worked for Trellus Management and Sigma Capital, a division of SAC Capital Advisors LP, admitted that he passed inside information about Cisco Systems Inc., Polycom Inc. and Marvell Technology Group Ltd.