Rajaratnam Gets 11 Years For Insider Trading

Law360, New York (October 13, 2011, 11:56 AM EDT) -- Galleon Group LLC founder Raj Rajaratnam, dubbed “the modern face of illegal insider trading” by prosecutors, was sentenced to 11 years in prison Thursday, a far lower term than the government had requested.

The Sri Lankan-born billionaire hedge fund manager allegedly made himself and his fund $64 million by trading ahead of the market using undisclosed merger and earnings information acquired from at least 19 companies, including Google Inc. and Goldman Sachs & Co.

Investigators ultimately stopped him with the help of wiretaps, a tool unheard...
To view the full article, register now.



Case Information

Case Title

Magistrate judge case number: 

Case Number



New York Southern

Nature of Suit

Date Filed

December 15, 2009

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.