Judge Tosses Ex-Galleon Marketing Exec's Wage Suit

Law360, New York (March 28, 2011, 6:30 PM EDT) -- A New York state court judge tossed a lawsuit Friday seeking lost wages and severance pay filed by a Galleon Group LLC managing director who started his job five weeks before the firm was engulfed in an insider trading scandal.

Judge Judith J. Gische of the Supreme Court of the State of New York, County of New York, ruled that Erik Osberg, a former managing director in Galleon's marketing department, was an at-will employee with the tarnished hedge fund and thus was not entitled to collect...
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