A former employee of a so-called expert network firm is expected to plead guilty to charges of conspiring with others to leak corporate secrets to hedge funds in exchange for money, part of a broad U.S. crackdown on insider trading.
A Goldman Sachs Group Inc shareholder sued Rajat Gupta, a former director of the investment bank, over trades revealed in civil and criminal insider trading cases against Gupta and convicted Galleon hedge fund founder Raj Rajaratnam.
SAC Capital Advisors LP faces an insider trading probe from the U.S. Securities and Exchange Commission related to the $15 billion takeover of biotechnology firm MedImmune Inc, the Wall Street Journal reported, citing people familiar with the matter.
A former Nvidia Corp financial analyst pleaded guilty on Friday to a criminal charge in the U.S. probe of insider trading at expert networking firms and hedge funds.
Lawyers for hedge fund tycoon Raj Rajaratnam asked a judge on Wednesday to throw out the Galleon Group founder's conviction on insider trading charges.
A powerful Republican lawmaker is investigating possible insider trading at SAC Capital Advisors LLP, highlighting increased public scrutiny of potential wrongdoing by hedge funds.
Senate Judiciary Committee head Charles Grassley is investigating possible insider trading at SAC Capital Advisors LLP, highlighting increased public scrutiny of potential wrongdoing by hedge funds.
SAC Capital Advisors LLP is under investigation by a powerful U.S. Republican Senator for 20 possible instances of insider trading, the Wall Street Journal reported on Saturday, citing unnamed sources familiar with the situation.
FrontPoint Partners, a $4.5 billion hedge fund firm that became ensnared in a U.S. government insider trading probe last year, said it would shut down some of its portfolios.
A former Galleon hedge fund trader on trial for insider trading waded into the river of gossip of Wall Street for tips and speculation, not secrets leaked by corporate lawyers as the government charges, his lawyer told a jury on Wednesday.
In a trial of three New York securities traders on insider trading charges, several jurors told the judge on Tuesday they could consider the case separately and impartially from last week's conviction of high-profile Galleon Group hedge fund founder Raj Rajaratnam.
A judge on Friday rejected an indicted securities trader's request to postpone his insider trading trial because of the broadly publicized conviction of hedge fund manager Raj Rajaratnam in the same New York court.
Settlement agreements being hammered out by securities regulators and securities firms accused of fraud in mortgage bond deals are likely to include civil charges against at least one person connected to each deal, the Wall Street Journal said, citing people familiar with the matter.
The Sri Lankan born Hedge fund founder Raj Rajaratnam, the billionaire manager of the Galleon hedge fund, was found guilty on Wednesday on all counts in the largest hedge fund insider trading case in the United States history.
On the same day that a jury convicted hedge fund manager Raj Rajaratnam, federal prosecutors notched another victory when a former account manager at a semiconductor company, Manosha Karunatilaka, pleaded guilty to charges of insider trading.
Steven A. Cohen's $13 billion fund firm is facing scrutiny from U.S. regulators but in a rare public appearance on Wednesday the hedge fund manager said he has no plans of quitting what he loves doing.
Some hedge fund managers and investors attending a conference here audibly gasped when the news flashed on TV screens that Raj Rajaratnam had been convicted on all 14 counts of insider trading.
Hedge fund manager Steven A. Cohen, whose SAC Capital Advisors has drawn scrutiny from prosecutors probing insider trading, said his firm has and will cooperate with all government investigations.
Top hedge fund founder and stock trader Raj Rajaratnam was 'expressionless' in a New York federal court on Wednesday as a jury verdict was read finding him guilty of 14 charges, including insider trading.
Galleon Group hedge fund founder Raj Rajaratnam was found guilty of 14 securities fraud and conspiracy charges on Wednesday, in a vindication for the government's use of aggressive tactics in prosecuting insider trading on Wall Street.
Raj Rajaratnam, the head of one of Wall Street's largest hedge funds was found guilty on all charges on Wednesday, after a jury delivered its verdict after nearly two weeks of deliberation.
In what has become a familiar ritual over the past two weeks, jurors in the insider trading trial of hedge fund manager Raj Rajaratnam told the judge they needed more time to weigh the evidence.
