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Ex-Galleon Trader Cites Newman In Bid To Nix Conviction

Law360, New York (January 23, 2015, 3:42 PM EST) -- Former Galleon Group LLC trader Zvi Goffer has asked a New York federal court to toss his insider trading conviction in light of the Second Circuit’s landmark Newman decision, claiming his trial for allegedly paying ex-Ropes & Gray LLP lawyers for tips was tainted by erroneous jury instruction.

Goffer — who is serving one of the longest insider trading sentences in history for allegedly paying former Ropes & Gray attorneys Arthur Cutillo and Brien Santarlas for market-moving info — said in a Wednesday motion before the U.S. District Court for the Southern District of New York that the jury never considered...

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Case Information

Case Title

Subscribers Only

Case Number

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New York Southern

Nature of Suit

Date Filed

January 21, 2010

Law Firms

Government Agencies