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Cornering Rajaratnam rekindles 1985 Dennis Levine case
From BusinessWeek.com: Days after he was arrested in an insider-trading probe in 1986, investment banker Dennis Levine sequestered himself at his lawyer's New York office to read the government's evidence. As he finished, he gazed out a window some 30 floors up, silently urging himself to open it and jump. He didn't...
This time, the insider-trading allegations involve hedge funds, Bloomberg Markets reports in its February 2010 issue. Since federal agents in October arrested billionaire Raj Rajaratnam, co-founder of Galleon Group LLC, they've swept up about 20 alleged co-conspirators. And they've set in motion a chain of events like those Levine was a part of, securities lawyers say. Some of the people involved so far will give up more traders and tipsters to help prosecutors expand their case -- and help themselves avoid harsh punishments... Full article: Source
An overview of the setbacks that dogged the administrators of Lehman in Europe
In a turn of events that may be a surprise to none, the administration proceedings for Lehman Brothers International, Europe-LBIE-have encountered more stumbling blocks to further delay the distribution of assets to LBIE's prime brokerage customers... Full client alert:...................... To view our full article Click here
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