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Ex-New Castle Exec To Pay $3.5M In SEC's Galleon Suit

Law360 (February 1, 2011, 5:33 PM EST) -- New Castle Partners LLC co-founder Mark Kurland has agreed to turn over more than $3.5 million in a U.S. Securities and Exchange Commission suit related to insider trading charges involving his hedge fund and Galleon Group LLC.

Judge Jed S. Rakoff of the U.S. District Court for the Southern District of New York signed a final judgment Monday against Kurland in the civil case based on a consent agreement the defendant reached with the SEC.

The former executive with Bear Stearns Asset Management was already sentenced...
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