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Rengan Rajaratnam cleared, US insider trading streak snapped

Last Updated: Wednesday, July 09, 2014, 10:12

Rajaratnam, 43, who was living in Brazil at the time of his indictment, hugged his lawyers after the jurors were dismissed.

Gupta should pay $13.9 mn penalty, be banned for life: SEC

Last Updated: Saturday, March 22, 2014, 22:37

US regulator SEC has asked an appeals court to affirm a district court's decision that India-born former Goldman Sachs director Rajat Gupta pay a USD 13.9 million penalty and be banned for life from serving as director of a public corporation.

Rajaratnam's brother seeks dismissal of insider trading charges

Last Updated: Saturday, February 08, 2014, 14:40

Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, urged a U.S. judge on Friday to dismiss insider trading charges leveled against him last year.

Rajat Gupta's plea against business partner dismissed by court

Last Updated: Friday, December 06, 2013, 11:19

A US court here has dismissed a breach of contract lawsuit filed by former Goldman Sachs director Rajat Gupta against his long time friend and business associate Parag Saxena, saying the claims made by him in the complaint are no longer relevant.

Indian pleads guilty to insider trading charges in US

Last Updated: Saturday, November 09, 2013, 14:30

An Indian internet analyst has pleaded guilty here to insider trading charges for his involvement in sharing confidential information about technology companies Microsoft and Yahoo.

Two more charged in insider trading case in US

Last Updated: Wednesday, March 27, 2013, 09:42

David Riley, a former chief information officer and vice-president for Foundry Networks was arrested on Tuesday in San Jose, California, while Matthew Teeple, an analyst for an investment advisory firm to a family of hedge funds located in San Francisco, was arrested in San Clemente.

Indian-American gets one year prison for Insider trading

Last Updated: Friday, February 01, 2013, 12:45

Federal district judge Jed S. Rakoff also ordered Roomy Khan, 54, to serve three years of probation and pay USD1.525 million in restitution.

Rajaratnam to pay $1.45 million for insider trading civil suit settlement

Last Updated: Friday, December 28, 2012, 10:47

Billionaire hedge fund boss Raj Rajaratnam, who allegedly made over 70 million dollars through insider trading, will pay nearly 1.45 million dollars to US authorities to settle a civil lawsuit.

Indian-origin hedge fund manager indicted in insider trading

Last Updated: Wednesday, December 26, 2012, 15:07

Indian-origin hedge fund portfolio manager Mathew Martoma has been indicted in one of the "most lucrative" insider trading schemes ever involving USD 276 million and will be arraigned in a court here next month.

Gupta case: Goldman seeks reimbursement of $6.9mn legal fees

Last Updated: Sunday, December 23, 2012, 14:29

In a motion filed in court, Goldman said it has been a "victim" of 64-year-old Gupta's criminal conduct and violation of his duties as the firm's director.

Gupta says shouldn't be required to pay $6.78 mn to Goldman

Last Updated: Saturday, December 15, 2012, 15:41

In a lengthy 43-page motion filed in US District Court here yesterday, Gupta has opposed Goldman's demand for "restitution" of legal fees and other expenses totalling USD 6.78 million.

Insider trading: Gupta to stay free on bail pending appeal

Last Updated: Wednesday, December 05, 2012, 08:52

India-born former Goldman Sachs director Rajat Gupta can remain free on bail while he challenges his conviction on insider-trading charges, a US court ruled on Wednesday.