Funds
Skype Founders Agree to Join Silver Lake's Buyout Group, Drop Litigation The founders of Skype agreed to join
the investor group buying the Internet-calling service from EBay
Inc. and to drop litigation that had threatened to shut down the
company.
Rajaratnam's Former Colleagues Cooperate, Plead Guilty in Hedge-Fund Case Choo-Beng Lee and Raj Rajaratnam were
colleagues almost two decades ago at research firm Needham & Co.
Ali Far worked at Rajaratnam’s hedge-fund firm for at least four
years. And when Lee and Far opened Spherix Capital LLC in 2007,
Rajaratnam invested with them.
Concurrent Says Galleon Group Executive Resigned From Board of Directors Krish Panu, a managing partner at
Galleon Group LLC, resigned from the board of software maker
Concurrent Computer Corp. after the New York hedge-fund firm’s
involvement in an insider-trading scandal.
Lehman U.K. Administrator Can't Distribute Assets to Creditors, Court Says Lehman Brothers Holdings Inc.’s U.K.
bankruptcy administrators can’t go ahead with an expedited plan
to distribute as much as $8.9 billion in assets to creditors, an
appeals court ruled.
Schottenfeld `Prop Shop' at Center of Inside-Trading Ring, Prosecutors Say Schottenfeld Group LLC, the firm
where three of the people arrested yesterday on insider-trading
charges worked, said it was “deeply troubled and shocked” by
the allegations against its former employees.
Hedge-Fund Managers, Traders Charged in Galleon Insider-Trading Probe U.S. prosecutors charged 14 people,
including hedge fund managers, lawyers and an ex-Galleon Group
employee, for using the methods of “drug dealers” and “common
criminals” to profit on insider data from deals involving firms
such as 3Com Corp. and Alliance Data Systems Corp.
JPMorgan Said to Detect Kiener's K1 Fraud That Stung Banks, Bought Planes JPMorgan Chase & Co. found an
unsettling fact buried in the books of newly acquired Bear
Stearns Cos. last year: The brokerage had loaned millions of
dollars to a German money manager for bets on hedge funds no one
had ever heard of.
Ex-Jefferies Money Manager Contorinis Indicted on Insider Trading Charges Joseph Contorinis, a former money
manager for the Jefferies Paragon Fund, was indicted by a
federal grand jury on fraud charges in what prosecutors said was
a $7.2 million insider-trading ring.