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Legal - Cornering Rajaratnam rekindles 1985 Dennis Levine case, An overview of the setbacks that dogged the administrators of Lehman in Europe

Tuesday, January 05, 2010

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:......................

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