Wednesday, February 8, 2012

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Judge Orders Galleon Insider Trading Defendants to Turn Over Wiretap Evidence to SEC

In a major victory for the Securities and Exchange Commission, the U.S. District Court for the Southern District of New York Feb. 9 ordered the Galleon defendants to turn over wiretap evidence to the agency by Feb. 15 (SEC v. Galleon Management LP, S.D.N.Y., No. 09 Civ. 8811, 2/9/10).

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