Holder Confirms Criminal Probe Of Wall Street Firms

Law360, New York (November 29, 2010, 5:01 PM EST) -- U.S. Attorney for the Southern District of New York Preet Bharara is leading a criminal investigation into Wall Street firms, Attorney General Eric Holder confirmed Monday.

During a press conference, Holder declined to offer details of the probe, saying only that the investigation is serious and ongoing.

On Nov. 22, FBI agents raided the offices of three hedge funds, searching for evidence related to the growing insider trading investigation.

The investigators searched the offices of Diamondback Capital Management LLC, Level Global Investors LP and Loch Capital...
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