IBM Ex-Exec Denies Role In Insider Trading Scandal

Law360, New York (December 10, 2009, 5:38 PM EST) -- A former senior IBM Corp. executive has denied playing a part in the alleged multimillion-dollar insider trading case, believed to be the largest of its kind in history, that has ensnared Galleon Corp. founder Raj Rajaratnam and several others.

Robert Moffat, former head of the IBM hardware division, said in court documents filed Wednesday in the U.S. District Court for the Southern District of New York that he did not provide “material nonpublic information” regarding IBM, Sun Microsystems Inc. and Advanced Micro Devices Inc. as part...
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