Goffer Targets Feds' Evidence In Insider Trading Trial

Law360, New York (June 1, 2011, 3:39 PM EDT) -- A lawyer for former Galleon Group LLC trader Zvi Goffer attacked the federal government's evidence during closings Wednesday in a New York trial over an alleged scheme to gather merger tips from Ropes & Gray LLP attorneys, calling the case unfair.

Goffer's attorney William R. Barzee told jurors that the government relied on innuendo and speculation in bringing charges against his client over trades in 2007 acquisition targets Axcan Pharma Inc. and 3Com Corp., as well as other companies.

“The government wants to look at it...
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