Securities Law Prof Blog

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

Thursday, October 13, 2011

Sentencing in Rajaratnam's insider Trading Cases

The New York Times features a story in its business section on Michael Kimelman, whom it describes as a former "journeyman trader" who was sentenced to 2-1/2 years in prison for his role in the Raj Rajaratnam insider trading ring, based on his association with Zvi Goffer, one of the Galleon traders.  Kimelman had turned down a plea that would have involved no prison time.  NYTimes, Caught in a Wide Web, a Trader Faces Prison

Raj Rajaratnam's sentencing is today.  It is expected to be the longer insider trading sentence ever.

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