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SAC profited from dubious trades
The big question right now about SEC's historic insider trading investigations is how many more truly big fish---beyond convicted insider trading mastermind Raj Rajaratnam---will ever be charged. One big fish is Rajat Gupta, the former head of McKinsey and a Goldman Sachs director no less. He has
Profile: Raj Rajaratnam opens up
So much of Raj Rajaratnam's drama has taken place out of the public eye, as Rajaratnam himself has played his cards very close to his chest. But now that he's facing 11 years in prison, he's opening up a bit, granting lengthy interviews to Newsweek , which offers a story that couches the Rajara
Judge: Ex-Goldman Sachs director can sue SEC
Does the SEC have a chance against Rajat Gupta in federal court? We may be close to finding out what the SEC really thinks.
Recall that the SEC filed a civil administrative action against former Goldman Sachs director Gupta, charging that he provided material inside tips about the investment b
SEC delays Rajat Gupta trial six months
Is the prosecution of Rajat Gupta--the once esteemed Goldman Sachs director and head of McKinsey who has been charged with insider trading--falling off the rails just a bit? That's the speculation, as word trickles out via the New York Times that the SEC has delayed its trial by six months.
McKinsey a big victim in Rajaratnam mess
One of the biggest victims so far in the insider trading scandals has been the once-vaunted consulting firm McKinsey & Co.
It still boggles the mind that Rajat Gupta, who once ran the firm as managing director was so involved. The Washington Post weighs in with a profile that makes cle
Rajaratnam update: Friends turn on one another
Much has been made of the fact that the disgraced ex-McKinsey consultant Anil Kumar had been turned by federal investigators. His testimony against his friend was widely anticipated. Before the trial, few knew the exact contours of their relationship, but it was all put on early display in the tri
A test drive of Rajat Gupta case
We've suggested recently that for the next 10 weeks all eyes will be on courtroom 17b at the southern end of Manhattan, where Galleon founder Raj Rajaratnam will be fighting to stay out of jail. A lot is riding on that case, as it has implications for so many other insider trading cases.
Lawye
Rajaratnam trial may feature star-studded witnesses
So, who will appear as witnesses in the trial of Galleon founder Raj Rajaratnam, which got underway this week? The biggest news was that Rajaratnam himself was willing to take the stand in his own defense. That's not always a good idea, especially when one is as stubborn and as recalcitrant as the
Ex-Goldman director Rajat Gupta charged with insider trading
The sprawling insider trading investigation has now reached in the boardroom of Goldman Sachs ( NYSE: GS ), the most prestigious bank on Wall Street. The SEC has charged Rajat Gupta, who served on Goldman's board from November 2006 to May 2010, with passing material inside information to Raj Raj
Deals to explode--or fizzle?
We've seen a lot of deal activity lately--Intel's $7.7 billion takeover of McAfee, BHP Billiton's nearly $40 billion hostile play for Potash, and of course the dueling by Hewlett-Packard and Dell for 3Par. We're well on our way to the best quarter for deals since the financial crisis set in, w
