JURIST Guest Columnist Daniel Crane of the University of Michigan Law School says that unless the government can prove that the publishers actually agreed on e-book prices or a formula for price setting, the lawsuit will be more difficult because...
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US prosecutors charge 7 in $62 million insider trading scheme
US officials on Wednesday announced charges against seven individuals purportedly involved in a $62 million insider trading scheme. The individuals, who worked for five different investment institutions, are accused of earning illegal profits on the basis of insider...
Former Galleon Group hedge fund executive Raj Rajaratnam on Monday began serving his prison sentence at a Massachusetts military base. A judge in October sentenced Rajaratnam to 11 years in prison, fined him $10...
US hedge fund founder ordered to pay record penalty for insider trading
The US District Court for the Southern District of New York Tuesday ordered Galleon Group hedge fund founder Raj Rajaratnam to pay an unprecedented civil penalty for insider trading. In a thorough analysis of the...
Former Goldman Sachs Director Rajat Gupta was arrested Wednesday on five counts of securities fraud and one count of conspiracy to commit securities fraud. The charges come in connection to his relationship with Raj Rajaratnam...
Hedge fund executive Rajaratnam sentenced to 11 years for insider trading
A judge in the US District Court for the Southern District of New York on Thursday sentenced former Galleon Group hedge fund executive Raj Rajaratnam to 11 years in prison, fined...
US President Barack Obama signed the America Invents Act into law on Friday. The Senate approved the bill earlier this month , and the House of Representatives ...
Former hedge fund trader Danielle Chiesi was sentenced Wednesday to 30 months in prison after pleading guilty in the US District Court for the Southern District of New York to three criminal counts of conspiracy...
Former hedge fund trader Danielle Chiesi on Wednesday agreed to pay USD $540,000 to settle a civil charge with the Securities and Exchange Commission (SEC) . Chiesi was accused of communicating non-public information about IBM Corporation, Advanced Microdevices...
A federal jury on Wednesday convicted Galleon Group hedge fund founder Raj Rajaratnam on all 14 counts of insider trading. The jury in the US District Court for the Southern District of New York ...