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Alleged Pequot Tipster Said Samberg Sought Insider Information

Nov 20, 2009

Arthur SambergArthur SambergA former Pequot Capital Management employee told his therapist that he was fired when he stopped passing the firm confidential information about Microsoft Corp., his former employer.

David Zilkha, who was fired by Pequot after just a few months, told his psychologist that Pequot founder Arthur Samberg expected him to continue to provide tips about Microsoft, according to transcripts from Zilkha’s divorce proceedings.

Steel Wins Dismissal Of Icahn Bid To Block Restructuring

Nov 20, 2009

Carl Icahn’s bid to keep Steel Partners from consummating its controversial plan to convert its flagship hedge fund into a publicly-traded partnership has failed.

Madoff Lieutenant Moved To Suburban Jail

Nov 20, 2009

The CFO of Bernard Madoff’s $65 billion Ponzi scheme may have lost his bid to get out of prison, but he’s on the move anyway.

Jupiter Puts New Star Hire On Top Fund

Nov 20, 2009

Jupiter Asset Management is giving its new star manager a spot on its flagship hedge fund.

Odey Cuts Back On Stocks After Big October Loss

Nov 20, 2009

Odey Asset Management has sharply reduced its equity exposure after a brutal October.

Petters Takes The Stand, Points Fingers

Nov 20, 2009

Accused Ponzi scheme mastermind Thomas Petters told the jury considering his fate that he was not responsible for the massive fraud at his company.

Oaktree In $250 Million Bond Sale

Nov 20, 2009

Oaktree Capital Management plans to raise $250 million in a debt sale.


In Depth

'Loose Lips Sink Ships': Insider Trading and The Lessons of Galleon

Lawrence CohenLawrence Cohen“How do men act on a sinking ship? Do they hold each other? Do they pass around whiskey? Do they cry?” -- The Perfect Storm by Sebastian Junger (1997)

By Lawrence Cohen, Esq., Director, Gibbons P.C. -- Last month, the SEC brought criminal charges against the founder of Galleon Management L.P., Raj Rajaratnam, and five other individuals for alleged insider trading violations.  The Galleon fund capsized within days. More...