Friday, 27 November 2015
Last updated 1 day ago
Feb 9 2012 | 3:50am ET
The man who has overseen the largest group of insider-trading cases in U.S. history is switching sides.
Christopher Garcia, who served as head of the securities fraud unit for the U.S. Attorney's Office in Manhattan for the last two years, is leaving tomorrow to join law firm Weil Gotshal & Manges. As a partner at the firm, Garcia will focus on white-collar defense and investigations.
He may wind up defending men and women very much like those he's helped put in prison. The Manhattan U.S. Attorney's Office has brought 63 insider-trading cases under Garcia, winning 56 convictions and guilty pleas, notably that of Galleon Group founder Raj Rajaratnam.
Garcia will make about $1.2 million per year for the next two years, much more than he made in the public sector. Garcia's services were highly sought-after; WilmerHale, Gibson Dunn & Crutcher and Zuckerman Spaeder also vied for him.
Garcia follows Rajaratnam prosecutor Jonathan Streeter, who joined Dechert last month, and Rajaratnam judge Richard Holwell, who left the federal bench this week to found a law firm with two former colleagues, in moving to the private sector this year.
Marc Berger, who has served as Garcia's deputy, is expected to succeed him at the securities fraud unit.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…