Goldman sued for $1.07 bln over Timberwolf CDO

Last Updated: Saturday, October 29, 2011, 10:20

Goldman Sachs Group Inc has been hit with a new USD 1.07 billion lawsuit for having allegedly sold risky debt that it expected would tumble in value to an Australian hedge fund, causing that fund to become insolvent.

Rajaratnam paid $63 million in penalties: Lawyer

Last Updated: Saturday, October 29, 2011, 09:24

Convicted hedge fund tycoon Raj Rajaratnam has already paid more than USD 63 million in penalties, ordered by the judge who sentenced him two weeks ago for insider trading, one of his lawyers said on Friday in New York federal court.

Rajaratnam sentenced to 11 years in prison

Last Updated: Thursday, October 13, 2011, 21:21

It is one of the longest sentences on record in an insider-trading case but less than prosecutors had sought.

Rajaratnam could get longest prison sentence trading crimes

Last Updated: Tuesday, October 11, 2011, 17:50

One-time hedge fund tycoon Raj Rajaratnam may get the longest prison sentence to date for insider trading, sending a harsh warning to anyone else who considers becoming a master of trading on confidential information.

Paulson faces big test as clients mull future

Last Updated: Tuesday, October 11, 2011, 13:27

Hedge fund manager John Paulson, long lionized for his successful bets on the collapse of the subprime mortgage market and the surge in gold prices, is now facing the toughest challenge of his career.

Sentencing of insider trader Rajaratnam delayed

Last Updated: Thursday, September 22, 2011, 09:42

Sentencing of Raj Rajaratnam, the hedge fund magnate convicted in the biggest Wall Street insider trading case in years, has been postponed until October.

Third Point appeals to Yahoo founder Yang for change

Last Updated: Thursday, September 15, 2011, 09:19

Hedge fund manager Daniel Loeb stepped up his attack on Yahoo Inc's board of directors on Wednesday, two days after appealing to Yahoo's co-founder to dump several directors.

Hedge fund scam: 7 plead not guilty in $52 mn case

Last Updated: Thursday, February 4, 2010, 09:11

Seven traders and lawyers have pleaded not guilty in the USD 52 million insider trading scam, one of the largest in American history, in which Sri Lankan billionaire Raj Rajaratnam is alleged to be the ringleader.

Hedge fund scam: Eighth accused pleads guilty in NY court

Last Updated: Saturday, January 30, 2010, 10:00

A former executive of New Castle hedge fund has pleaded guilty to an insider trading scam, one of the largest in US history, in which Sri Lankan billionaire Raj Rajaratnam is alleged to be the ringleader.

Rajaratnam profits $36 mn in the Galleon hedge fund case

Last Updated: Thursday, January 7, 2010, 17:54

Federal prosecutors said they will file fresh charges against Sri Lankan-born hedge fund operator Raj Rajaratnam alleging he made at least USD 36 million from the biggest insider trading case in US history.

Rajaratnam profits $36 mn in Galleon hedge fund case

Last Updated: Thursday, January 7, 2010, 11:04

Federal prosecutors have doubled the amount of profit allegedly made by Sri-Lankan born multibillionaire Raj Rajaratnam through his insider trading schemes.

FBI arrests 14 in hedge-fund insider trading probe

Last Updated: Thursday, November 5, 2009, 23:42

The FBI has arrested 14 people for alleged involvement in what prosecutors say was the largest hedge-fund insider trading scheme ever on Wall Street, prosecutors in New York said on Thursday.