Ex-Galleon Employee Takes Stand At Hedge Fund Chief's Trial

Law360, New York (August 6, 2012, 9:45 PM EDT) -- Ex-Galleon Group LLC employee Roomy Khan testified Monday that she gave confidential corporate information to hedge fund founder Doug Whitman, her onetime neighbor, kicking off a critical phase in the trial of the accused insider trader.

Khan said Whitman, along with her old boss Raj Rajaratnam, was among a group of “buddies and friends on Wall Street” to whom she passed tips from sources inside Polycom Inc. and other companies.

Whitman, who founded California-based hedge fund Whitman Capital LLC, is accused of trading using illegal tips...
To view the full article, register now.

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.