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  1. April 27, 2015

    Foundry Insider Gets 78 Months, Vows 'Newman' Appeal

    Former Foundry Networks Inc. executive David Riley was sentenced on Monday to 6 1/2 years in prison for passing inside tips about the computer equipment company to a hedge fund analyst, but vowed to appeal in light of the Second Circuit's decision in U.S. v. Newman.

  2. April 21, 2015

    Feds Say Foundry Tipster Deserves More Than 5 Years

    Former Foundry Networks Inc. Executive David Riley should serve more than five years in prison for passing market-moving tips about the computer equipment company to a hedge fund analyst, U.S. prosecutors told a New York federal judge Monday.

  3. March 04, 2015

    Foundry Insider's Conviction Survives Newman, Judge Says

    A New York federal judge said Tuesday she would not reverse the insider trading conviction of former Foundry Networks Inc. executive David Riley in the wake of the Second Circuit's U.S. v. Newman decision, ruling that he had obtained "concrete" benefits in exchange for tips about the computer equipment company.

  4. January 02, 2015

    Alleged Foundry Tipper Says Newman Undercuts Conviction

    Former Foundry Networks Inc. executive David Riley has asked a New York federal judge to overturn his insider trading conviction, arguing that prosecutors had failed to prove he received a "personal benefit" as defined in the Second Circuit's landmark decision in U.S. v. Newman.

  5. October 16, 2014

    Ex-Hedge Fund Analyst Gets 5 Years For $27M Trading Scheme

    A former hedge fund analyst who doled out illegal stock tips as part of an alleged $27 million scheme was sentenced in New York federal court on Thursday to five years in prison.

  6. October 10, 2014

    Ex-Artis Analyst Should Get 5 Years, Prosecutors Say

    Federal prosecutors on Thursday urged a New York federal court to give a five-year sentence to a former Artis Capital Management LP analyst who copped to insider trader charges, saying he has tried to downplay his culpability by calling himself a conduit and not a primary player in the scheme.

  7. October 02, 2014

    Ex-Foundry Exec Convicted In Stock-Tipping Case

    A New York federal jury on Thursday convicted former Foundry Networks Inc. executive David Riley of passing inside information to a hedge fund analyst, marking a bounce-back victory for the office of Manhattan U.S. Attorney Preet Bharara following a July trial loss.

  8. September 29, 2014

    Foundry Exec's Betrayal Triggered Inside Trades, Feds Say

    Former Foundry Networks Inc. executive David Riley "betrayed" the technology company and its shareholders by tipping a hedge fund analyst about its 2008 merger with Brocade Communications Systems Inc., a U.S. prosecutor said on Monday at the close of trial.

  9. September 22, 2014

    Accused Foundry Insider Can't Shake Tipping Charges

    Former Foundry Networks Inc. executive David Riley must face charges that he tipped off a hedge fund analyst about the company's 2008 merger with Brocade Communications Systems Inc., a New York federal judge ruled Monday in the midst of trial.

  10. September 09, 2014

    Bharara Looks To Rebound As Foundry Insider Trial Begins

    The stock-tipping trial of former Foundry Networks Inc. executive David Riley got underway on Tuesday as the office of Manhattan U.S. Attorney Preet Bharara sought to rebound from its first ever loss in an insider trading case.

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