Rajaratnam Judge Leaves Bench To Found Law Firm

Feb 7 2012 | 12:19pm ET

Shady hedge fund managers need not fear facing the judge who sent Raj Rajaratnam to prison for 11 years.

U.S. District Judge Richard Holwell is leaving the bench to found a law firm with two of his former colleagues. Holwell last year presided over the Galleon Group founder's trial, ruling that the wiretaps at the center of the case were admissible and, following Rajaratnam's conviction, sentencing the former billionaire to more than a decade in prison.

Holwell will work alongside lawyer Michael Shuster and Daniel Goldberg—the three were partners at law firm White & Case before Holwell was appointed a federal judge by President George W. Bush in 2003. Shuster and Goldberg have since moved on to law firm Kasowitz Benson Torres & Friedman.

"Serving as a federal judge was the honor of a lifetime," Holwell said. "But it's time for me to stretch my legs and return to my roots as an advocate."

The new Holwell Shuster & Goldberg firm opened its doors today in New York. The firm will specialize in litigation.

"Only the most exceptional opportunity would have compelled me to leave the bench," Holwell said. "To create a firm with Mike and Dan, two litigators at the very top of their craft, is just such an opportunity."

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...