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...
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