March 07, 2018
A Manhattan federal judge has rejected a bid by a former Chelsey Capital hedge fund trader and Galleon Group informant to throw out his insider trading conviction, finding his case lacked a "compelling circumstance" that justifies the "extraordinary relief he seeks."
December 13, 2016
New York federal prosecutors on Monday shot back that a former hedge fund trader’s attempt to get his insider trading conviction nixed under the Second Circuit’s Newman standard falls short, particularly given further guidance by the U.S. Supreme Court’s recent Salman ruling.
December 09, 2016
Former hedge fund trader David Slaine on Thursday told a New York federal judge that his attempt to undo his insider trading conviction is unaffected by the U.S. Supreme Court's recent Salman decision, which held that the gift of inside information to a friend or relative established the personal benefit necessary to prove insider trading.
March 09, 2016
Former hedge fund trader David Slaine on Tuesday pressed his attempt to have his insider trading conviction voided, telling a Manhattan federal judge that an "unreliable, inadmissible" memo is the only thing standing between him and a clean slate under the Second Circuit's Newman standard.
February 19, 2016
New York federal prosecutors have asked a judge to rule that the Second Circuit's landmark Newman decision did not undermine the insider trading conviction of David Slaine, a hedge fund trader who once wore a wire as part of a government investigation of Raj Rajaratnam's Galleon Group.
January 20, 2012
David Slaine, a Wall Street insider trader who turned cooperator and helped take down the Galleon Group LLC and Zvi Goffer rings, was sentenced to community service Friday by a judge who lauded his willingness to "wire up."
January 10, 2012
U.S. prosecutors asked a federal judge Monday to give a light sentence to ex-Chelsey Capital trader David Slaine, who pled guilty to securities fraud but whose work as a source for the government facilitated the high-profile Galleon Group LLC insider trading sting and several prosecutions.