Friday, October 23, 2009

Galleon Case Prompts Firms To Plug Leaks

via The Wall Street Journal...
Companies are moving to plug leaks and contain the damage from sweeping insider-trading allegations disclosed last week.(

Galleon Group received confidential information in 1998 about Intel Corp. chip shipments from a woman who has emerged as a key government witness against the hedge fund and its founder Raj Rajaratnam, according to a document filed by the Justice Department.

The woman, Roomy Khan, was employed at the time by Intel and sent a fax containing "proprietary, non-public and highly confidential" information from the company to Galleon's headquarters in New York City, the two-page charging document indicates. She did so at the request of an unnamed representative of Galleon, the Justice Department alleged. (more)

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