Thomas Hardin, Galleon ‘Tipper X’, Ordered to Pay $19,000

Thomas Hardin, the former Lanexa Global Management trader called “Tipper X” in the Galleon Group LLC insider-trading case, was ordered to pay a $19,000 judgment in a U.S. Securities and Exchange Commission lawsuit.

If Hardin has to forfeit more than $40,000 in a related criminal case, he’ll be credited in the SEC case for the amount more than $40,000, according to a judgment Hardin agreed to that was filed today in federal court in Manhattan.

In the criminal case, Hardin, a former managing director at hedge fund investment adviser Lanexa, pleaded guilty to conspiracy and securities fraud and agreed to cooperate with the government. The SEC sued in November, saying he traded securities of Hilton Worldwide Inc., Google Inc. and Kronos Worldwide Inc. based on nonpublic information.

Larry Krantz, Hardin’s lawyer, declined to comment.

The case is SEC v. Lanexa Management, 10-8599, U.S. District Court, Southern District of New York (Manhattan).

To contact the reporter on this story: Bob Van Voris in New York at rvanvoris@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net.

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