SEC Charges New York Hedge Fund and Wall Street Professionals in Galleon-Related Enforcement Action

SEC Release (Litigation)

The SEC announced the filing of a civil complaint bringing insider trading charges against (1) a hedge fund advisory firm; (2) the firm's manager and an analyst at the firm; (3) a corporate executive; and (4) an employee of an investor relations firm. The charges stem from the receipt, by the hedge fund, of insider information from a defendant and cooperating witness in the Galleon investigation.

Please contact any of the following Cadwalader attorneys if you have any questions about this item:

Steven Lofchie; [email protected]

Bradley Bondi; [email protected]

Glen Barrentine; [email protected]

Document Number

SEC LR 21802

Date

January 10, 2011

Cross References (links may require a Cabinet subscription)

SEC PR 2011-6

SEC Complaint

Exchange Act § 10(b)

Exchange Act Rule 10b-5