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[Financial Times (blog)] - Raj Rajaratnam, founder of the Galleon Group hedge fund, was ordered to pay a record $92.8m fine to resolve Securities and Exchange Commission civil insider trading allegations, the FT reports. Saudi Arabia's Algosaibi family has won a default judgment
HFMWeek Daily Snapshot - 9 November
www.hfmweek.com
[HFMWeek] - US District Judge Jed Rakoff ordered the penalty for Raj Rajaratnam, saying his insider trading scheme "cries out for the kind of civil penalty that will deprive this defendant of a material part of his fortune." He said civil penalties were designed
Wednesday Papers: Berlusconi pledges to resign
citywire.co.uk
[Citywire.co.uk] - The Daily Telegraph: Raj Rajaratnam, the hedge fund manager found guilty of orchestrating one of the biggest insider trading schemes in US history, has been ordered to pay $92.8 million in penalties. Financial Times: Fannie Mae, the US-controlled
Raj Rajaratnam to pay record £58m fine
www.telegraph.co.uk
[Telegraph.co.uk] - Raj Rajaratnam, the hedge fund manager found guilty of orchestrating one of the biggest insider trading schemes in US history, has been ordered to pay $92.8m (£58m) in penalties. Lawyers had argued that Raj Rajaratnam has been punished enough and
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