SEC Seeks $10M From Moody's Tipster In Galleon Scheme

Law360, New York (June 24, 2011, 7:31 PM EDT) -- Securities regulators on Thursday asked a New York federal court to impose nearly $10 million in penalties on a former Moody's analyst who allegedly provided acquisition tips to a source who funneled the information to hedge funds, including Galleon Group LLC.

The U.S. Securities and Exchange Commission filed a motion seeking a default judgment against ex-analyst Deep Shah, including $8.2 million in disgorgement and $1.75 million in prejudgment interest. Shah, believed to have fled to India, allegedly provided tips about the 2007 takeovers of Hilton Hotels...
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Case Information

Case Title

Magistrate judge case number: 


Case Number

1:09-cr-01184

Court

New York Southern

Nature of Suit

Date Filed

December 15, 2009


Case Title

Securities and Exchange Commission v. Galleon Management, LP et al


Case Number

1:09-cv-08811

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Jed S. Rakoff

Date Filed

October 15, 2009

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