May 31, 2011
A former Galleon Group LLC trader offered no evidence in his defense after prosecutors rested on Tuesday in a New York trial accusing him and two co-defendants of profiting from merger tips gleaned by former Ropes & Gray LLP lawyers.
May 25, 2011
A former Galleon Group LLC trader told a New York jury Wednesday that he gave another trader a box with $16,000 in cash to pay off tipsters, including two Ropes & Gray LLP attorneys, feeding them information on upcoming mergers.
May 23, 2011
Attorneys for Zvi Goffer and other defendants in a New York insider trading case spun off from the Galleon Group LLC probe on Monday painted a former Ropes & Gray LLP patent lawyer who participated in the scheme as clueless.
May 19, 2011
A former Ropes & Gray LLP patent lawyer testified Thursday in an insider trading case spun off from the Galleon Group LLC probe that he received envelopes stuffed with cash in exchange for snooping around his office for deal tips.
May 18, 2011
The trial of a group of ex-traders who allegedly obtained illegal merger tips from Ropes & Gray LLP lawyers opened in New York on Wednesday with a prosecutor labeling former Galleon Group LLC trader Zvi Goffer the alleged scheme's "ringleader."
May 13, 2011
A New York federal judge nixed a bid Friday to postpone an insider trading case involving a former Galleon Group LLC trader's brother, who argued that publicity surrounding the Raj Rajaratnam conviction would threaten his right to a fair trial.
May 09, 2011
Prosecutors in New York said Monday they may play as many as 60 wiretap recordings in the upcoming trial of an ex-Galleon Group LLC employee and two others accused of trading on illegal tips from ex-Ropes & Gray LLP lawyers.
May 02, 2011
A New York federal judge on Friday preserved his earlier order refusing to delay the trial of traders and others implicated in the alleged Galleon Group LLC insider trading scheme over the government's purported failure to hand over certain documents.
April 26, 2011
Craig Drimal, a trader who worked closely with employees of Galleon Group LLC, pled guilty Tuesday in New York to trading on inside information about acquisitions passed along by ex-Ropes & Gray LLP lawyers.
April 21, 2011
The alleged middleman in an insider trading scheme involving former Ropes & Gray LLP attorneys and an ex-Galleon Group LLC employee pled guilty on Thursday in New York to securities and conspiracy charges.