Friday, 19 September 2014
Last updated 5 hours ago
Dec 15 2010 | 1:47am ET
There will be not one, but two, Galleon Group insider-trading trials next year, after a federal judge decided to separate the cases against Galleon founder Raj Rajaratnam and his now-former co-defendant Danielle Chiesi.
Rajaratnam's trial will begin on Feb. 28 with Chiesi's to follow, beginning on April 25. Rajaratnam and Chiesi have long pushed to separate the trials, and U.S. District Judge Richard Holwell ruled partially in their favor last month—while dealing both a much bigger setback when he refused to throw out the wiretaps at the heart of the government's case.
Prosecutors and the two defense teams subsequently struck a deal to separate the trials.
Rajaratnam and Chiesi are at the center of the largest insider-trading case in U.S. history, one that has already produced 14 guilty pleas. Both have pleaded not guilty to the fraud charges; if convicted, the face decades in prison.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.