The Galleon Group insider-trading case has put an army of New York lawyers to work, but with the tentacles of the alleged insider-trading ring reaching into Silicon Valley, the local white-collar bar is also getting a piece.
The case, filed Oct. 16 by the U.S. Attorney and Securities and Exchange Commission in New York, centers around Raj Rajaratnam, founder of Galleon, a N.Y. hedge fund that had billions under management. The government says Rajaratnam made lucrative trades on inside information he received about such Valley tech powerhouses as Google Inc., Intel Corp., Advanced Micro Devices Inc. and Polycom Inc.
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