Hedge Fund Founder’s Insider-Trading Indictment Delayed

Dec 17 2009 | 12:24pm ET

Federal prosecutors have received another month to indict four of the 21 people charged in the Galleon Group insider-trading case.

Among those who will have to wait until Jan. 15 to face a grand jury is Mark Kurland, a co-founder of hedge fund New Castle Partners. It is believed that the four men—the others are former IBM executive Robert Moffat, former McKinsey & Co. director Anil Kumar and former Intel executive Rajiv Goel—are working out plea agreements with prosecutors.

The move to delay their indictment comes just a day after the Tuesday indictment of Galleon founder Raj Rajaratnam and former New Castle executive Danielle Chiesi.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat