Rajaratnam Trial May Tarnish Goldman, McKinsey, Spark Suits
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Goldman Sachs Group Inc., McKinsey & Co. and Intel Corp. are among the companies that may be sued or suffer damage to their reputations after witnesses at the trial of Galleon Group LLC co-founder Raj Rajaratnam describe insider leaks.
Rajaratnam, 52, goes on trial tomorrow for trading on tips gleaned from sources inside these and other companies, including Morgan Stanley, International Business Machines Corp. and Moody’s Investors Service Inc. If the billionaire native of Sri Lanka is convicted by a Manhattan jury, U.S. prosecutors may seek to jail him for more than 10 years.