Ex-Galleon Executive Settles SEC Tipping Suit for $1.75 Million

Kris Chellam, a former Galleon Group LLC executive, agreed to pay $1.75 million to settle a lawsuit brought by the U.S. Securities and Exchange Commission accusing him of passing inside information to Raj Rajaratnam, the agency said in a statement.

To contact the reporter on this story: Patricia Hurtado in New York at pathurtado@bloomberg.net

To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net

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