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  1. February 13, 2017

    Ex-Galleon Trader Gives Up $7.3M For Insider Trading Scheme

    Former Galleon Group LLC trader Zvi Goffer agreed to cough up $7.3 million in the insider trading case that put him behind bars for 10 years on charges that he paid two former Ropes & Gray LLP lawyers for market-moving tips, according to a proposed order filed in New York federal court Friday.

  2. January 18, 2017

    Judge Rejects Newman Plea For Insider Trading Convictions

    A New York federal judge has refused to overturn insider trading convictions for the co-founders of trading firm Incremental Capital LLC, rejecting the pair's bid to invoke the Second Circuit's U.S. v. Newman decision.

  3. August 04, 2015

    Trader Leans On Rakoff Ruling In Insider Trading Defense

    An attorney for Michael Kimelman, co-founder of trading firm Incremental Capital, told a New York federal judge Tuesday that Manhattan District Judge Jed S. Rakoff's recent ruling in an unrelated civil insider trading suit supports the argument that he didn't know the tips he allegedly traded on were disclosed for a benefit.

  4. July 24, 2015

    US Says Whitman Denial Should Inform Goffer Decision

    Prosecutors continued Friday to push back on former Galleon Group LLC trader Zvi Goffer's attempt to escape his 10-year sentence for insider trading, urging a New York federal judge to pay mind to a recent ruling that rejected a similar request from convicted hedge fund trader Douglas Whitman.

  5. May 06, 2015

    US Scoffs At Ex-Galleon Trader's Newman Defense

    Prosecutors are pushing back on a request by former Galleon Group LLC trader Zvi Goffer to void his conviction and 10-year sentence for paying two ex-Ropes & Gray LLP attorneys through a middleman in exchange for stock tips, arguing in a recent brief that he remains guilty despite the Second Circuit's Newman ruling.

  6. April 03, 2015

    Ex-Galleon Trader Says Atty Deprived Him Of Newman Defense

    Former Galleon Group LLC trader Zvi Goffer said Friday that his insider trading conviction and 10-year sentence should be vacated because his appellate lawyer failed to raise the "personal benefit" defense that ultimately exonerated Todd Newman and Anthony Chiasson.

  7. March 12, 2015

    CORRECTED: Atty In Galleon Ring Invokes Newman In Bid To Toss Conviction

    A lawyer convicted in 2013 of insider trading for his role in passing information to an ex-Galleon Group LLC trader asked a New York federal court on Thursday to vacate his conviction and sentence, citing the Second Circuit's landmark Newman ruling and saying he was convicted on the "thinnest of evidence."

  8. January 23, 2015

    Ex-Galleon Trader Cites Newman In Bid To Nix Conviction

    Former Galleon Group LLC trader Zvi Goffer has asked a New York federal court to toss his insider trading conviction in light of the Second Circuit's landmark Newman decision, claiming his trial for allegedly paying ex-Ropes & Gray LLP lawyers for tips was tainted by erroneous jury instruction.

  9. November 02, 2011

    Trader Gets 3 Years' Probation For Galleon Fraud

    A former trader with The Schottenfeld Group LLC who pled guilty to securities fraud in the massive insider trading case surrounding Galleon Group LLP was sentenced Wednesday in New York federal court to three years' probation and ordered to forfeit $289,000.

  10. October 12, 2011

    Convicted Insider Trader Kimelman Gets 2 1/2 Years

    A New York federal judge on Wednesday sentenced former Wall Street trader Michael Kimelman to 30 months in prison for participating in an insider trading scheme that relied on tips about corporate mergers bought from Ropes & Gray LLP lawyers.

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