Ex-Galleon Marketing Exec Sues Over Lost Wages

Law360, New York (July 30, 2010, 2:11 PM EDT) -- A former managing director in Galleon Group LLC's marketing department, who started his job around five weeks before the firm was engulfed in an insider trading scandal, is suing to recover over $600,000 in wages and severance pay.

In a lawsuit filed in the New York State Supreme Court and made public Wednesday, Erik Osberg claims that passed up three other employment offers prior to joining Galleon in late August 2009 based on “promises and guarantees of excessive compensation” from the firm's founder, Raj Rajaratnam....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.