Ex-TPG Associate Fined In Insider Trading Case

Law360, New York (July 15, 2011, 4:34 PM EDT) -- A federal judge in California on Thursday ordered a former associate at TPG Capital LP to fork over $112,000 for providing inside tips on planned acquisitions to a group of investors, a far cry from the $1.5 million requested by regulators.

U.S. District Judge Susan Illston imposed a permanent injunction on Vinayak Gowrish and ordered him to pay back $12,000 in ill-gotten gains, as well as cough up $100,000 in civil penalties, after a jury found in February that he shared insider tips about three companies...
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.