Ex-McKinsey Director To Pay $2.8M In Galleon Case

Law360, New York (May 17, 2010, 2:04 PM EDT) -- Former McKinsey & Co. Inc. director Anil Kumar has agreed to pay nearly $2.8 million to settle a civil suit brought by the U.S. Securities and Exchange Commission over the $45 million insider trading ring allegedly masterminded by Galleon Group LLC founder Raj Rajaratnam.

Kumar, who pled guilty in January to two counts of criminal securities fraud, agreed to the $2.6 million disgorgement and just over $190,000 in prejudgment interest in the civil case, according to a consent order filed Monday in the U.S. District Court...
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