Law360, New York (October 06, 2011, 2:51 PM ET) -- Investment adviser S2 Capital Management LP's co-founder last week settled for $300,000 the U.S. Securities and Exchange Commission's insider trading claims against him in New York, part of the same probe that brought down Galleon Group LLC co-founder Raj Rajaratnam.
U.S. District Judge Jed S. Rakoff approved the agreement between Steven Fortuna and the SEC on Sept. 30. The agreement accused Fortuna of violating securities laws by using insider information to make trades in Akamai Technologies Inc.
The SEC's claims against Fortuna stemmed from the government's...
Ex-S2 Honcho Wraps Up SEC Insider Trading Claims
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