Galleon Group

Rajaratnam agrees to return $1.5 mn in insider-trading case

US hedge fund manager Raj Rajaratnam has agreed to pay disgorgement of about $1.5 million in a civil lawsuit filed by the Securities and Exchange Commission, and to waive his right to appeal the judgment, court papers showed.

Sentencing of insider trader Rajaratnam delayed

Sentencing of Raj Rajaratnam, the hedge fund magnate convicted in the biggest Wall Street insider trading case in years, has been postponed until<br /><br /> October.

'Gupta abused his position and broke the law'

In a new revelation of evidence, US authorities say that there was enough evidence against Rajat Gupta, former McKinsey head that he abused his position and broke the law.

Gupta changes mind, refuses to testify in his defence

Former Goldman Sachs board member Rajat Gupta who earlier said that he would testify his own trial in the insider-trading case has decided against it

Rajat Gupta trial: Berkshire's Ajit Jain to give video testimony

Berkshire Hathaway's India-born head of reinsurance business Ajit Jain will testify through a video deposition in the insider trading trial. Meanwhile, Goldman Sachs CEO Lloyd Blankfein said Gupta had a "not long, but good" tenure at the bank.

Rajat Gupta's lawyers say others tipped Rajaratnam

Lawyers of Goldman Sachs's former director Rajat Gupta, on trial for insider trading, have suggested that leaks from the bank to convicted hedge fund billionaire Raj Rajaratnam came from other sources and not Gupta.

Rajat Gupta mulled suing Rajaratnam, witness tells jury

A key witness told jurors that the Indian-American mulled suing convicted hedge fund founder Raj Rajaratnam after losing a whopping $10 million in the 2008 stock market collapse.

US judge says prosecutors 'tarring' Rajat Gupta

A US federal court judge trying Rajat Gupta on insider trading charges has observed that prosecutors were "tarring" the former Indian-American managing director of McKinsey & Co. with an unrelated separate scheme.

Rajat Gupta secretly served Rajaratnam's hedge fund?

Indian-American Gupta quietly served as an executive of Galleon while also serving on the boards of Goldman Sachs and Procter & Gamble, a witness testified Thursday at the Manhattan federal court trial.

Insider trading: First wiretap played at Rajat Gupta trial

The 23-minute call on July 29, 2008 has no direct connection to the criminal charges against Gupta, but prosecutors played it to show the cozy relationship he had with Galleon Group founder Rajaratnam and their investments together.