Federal prosecutors in Manhattan charged six individuals, including hedge fund billionaire Raj Rajaratnam, with insider trading on Friday. (Rajaratnam posted a $100 million bond and was ordered to remain within 110 miles of New York City, Reuters reports.)
The securities and commodities fraud task force is supervising the matter– reportedly the biggest hedge fund insider-trading scheme ever. Prosecutors and the SEC have accused the individuals of earning more than $25 million from illegal trading over three years in companies like Akamai, Google, and Hilton Hotels, the New York Times reports.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
Trending Stories
-
Featured Firms
Law Offices of Gary Martin Hays & Associates P.C.75 Ponce De Leon Ave NE Ste 101Atlanta, GA 30308(470) 294-1674www.garymartinhays.comLaw Offices of Mark E. Salomone2 Oliver St #608Boston, MA 02109(857) 444-6468www.marksalomone.comSmith & Hassler1225 N Loop W #525Houston, TX 77008(713) 739-1250www.smithandhassler.comPresented by BigVoodoo
More From ALM
View Now
View Now
View Now
Dallas, TX
Join General Counsel and Senior Legal Leaders at the Premier Forum Designed For and by General Counsel from Fortune 1000 Companies
Learn More
New York, NY
Join General Counsel and Senior Legal Leaders at the Premier Forum Designed For and by General Counsel from Fortune 1000 Companies
Learn More
New York, NY
Honoring outstanding legal achievements focused at the national level, largely around Big Law and in-house departments.
Learn More
We are seeking an associate to join our Employee Benefits practice. Candidates should have three to six years of employee benefits experienc...
Apply Now ›
Associate attorney position at NJ Immigration Law firm: Leschak & Associates, LLC, based in Freehold, NJ, is looking for a full time ass...
Apply Now ›
Duane Morris LLP has an immediate opening for a senior level, highly motivated litigation associate to join its dynamic and growing Employme...
Apply Now ›
Connecticut Law Tribune
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
View Announcement ›