Securities Law Prof Blog

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

A Member of the Law Professor Blogs Network

Wednesday, January 19, 2011

Chiesi Pleads Guilty in Galleon Insider Trading Case

Danielle Chiesi, a former consultant to hedge fund New Castle Funds and a key figure in the insider trading case involving Galleon Group founder Raj Rajaratnam, pleaded guilty today to three counts of conspiracy.  She admitted receiving tips about a number of companies, including IBM and Sun Microsystems, and passing them on to her boss and others in the hedge fund industry.  A former IBM executive pleaded guilty last year.  Mr. Rajaratnam maintains his innocence and awaits trial next month.

WSJ, 'Deeply Ashamed': Ex-Consultant Chiesi Pleads Guilty in Galleon Probe

NYTimes, Chiesi Pleads Guilty in Galleon Insider Case

http://lawprofessors.typepad.com/securities/2011/01/chiesi-pleads-guilty-in-galleon-insider-trading-case.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef0148c7ca7cbb970c

Listed below are links to weblogs that reference Chiesi Pleads Guilty in Galleon Insider Trading Case:

Comments

Post a comment