Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, January 7, 2010

Former McKinsey Partner Says He Passed Information to Rajaratnam

Anil Kumar, a former senior partner at McKinsey & Co., pleaded guilty in Manhattan federal court to conspiracy and securities fraud charges, saying that he was paid more than $1 million to give confidential information on McKinsey clients to Raj Rajaratnam, the hedge fund manager.  As part of the plea bargain, he will forfeit $2.6 million.  Sentencing will take place later.  WSJ, Kumar Pleads Guilty in Galleon Case.

http://lawprofessors.typepad.com/securities/2010/01/former-mckinsey-partner-says-he-passed-information-to-rajaratnam.html

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