Fund Traders Win Delay For Galleon Spinoff Trial

Law360, New York (April 19, 2011, 7:24 PM EDT) -- Former Galleon Group LLC and other hedge fund employees accused of trading on inside tips from ex-Ropes & Gray LLP lawyers will have an additional week to prepare for trial following new charges against them, a New York federal judge ruled Tuesday.

U.S. District Judge Richard J. Sullivan agreed to push back the start date in Manhattan federal court to May 16, giving the defendants extra time to prepare for three new securities counts related to Axcan Pharma Inc. and 3Com Corp. and charges stemming from...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.