After report of links to insider trading case, former AMD chief to leave current role

October 28th, 2009 Dead insider trading suspect's pal pleads in NYCNEW YORK — A longtime friend of a Canadian lawyer who apparently committed suicide this week after he was accused in the largest insider trading case in Canada's history has pleaded guilty to criminal charges related to the scheme. Stanko Grmovsek, 40, of Ontario, also an attorney, pleaded guilty Tuesday in a deal with prosecutors in U.S.

October 27th, 2009 Report: AMD ex-CEO said linked to Galleon caseLOS ANGELES — Chip maker Advanced Micro Devices Inc. is "thoroughly reviewing" published reports fingering former chairman and CEO Hector Ruiz as the AMD executive who gave confidential company information to a defendant in the Galleon Group insider trading case.

October 22nd, 2009 Terrorism victims name billionaire in NJ lawsuitNEW YORK — A billionaire hedge fund manager charged in a $25 million insider trading case now faces a lawsuit saying he helped finance Sri Lankan militants notorious for suicide bombings. The federal lawsuit was filed Thursday in Newark, N.J., against Raj Rajaratnam (RAHJ' rah-juh-RUHT'-nuhm), a portfolio manager for Galleon Group.

October 16th, 2009 6 charged in NY insider trading caseNEW YORK — Federal authorities have arrested six people in a hedge fund insider trading case that they say led to $20 million in illegal profits. Prosecutors filed papers in Manhattan charging the people with conspiracy and securities fraud.

October 8th, 2009 WASHINGTON - Insider trading laws that are not enforced can hurt shareholders and economic vibrancy in emerging markets even more than having no securities laws at all, according to a study led by an Indian American researcher. The study - "When No Law is Better Than a Good Law" - from the Indiana University Kelley School of Business was co-authored by Utpal Bhattacharya, associate professor of finance with Hazem Daouk of Cornell University.

September 18th, 2009 Ex-Morgan Stanley banker gets 7 years jail in HKHONG KONG — An ex-Morgan Stanley banker was sentenced Friday to seven years in prison in Hong Kong's biggest insider trading case. Du Jun, a former managing director of the New York-based investment bank, also was fined about 23 million Hong Kong dollars ($3 million).

August 18th, 2009 DOJ won't appeal shorter sentence for ex-Qwest CEODENVER — The Department of Justice will let stand a federal court decision ordering a shorter prison sentence for ex-Qwest CEO Joe Nacchio, sentenced to six years for insider trading. Spokeswoman Laura Sweeney said Monday that the department won't appeal the ruling by a three-judge panel of the Denver-based 10th U.S.

August 6th, 2009 Top executive at French bank SocGen resignsPARIS — Societe Generale SA says that a top executive whose career was damaged by the French bank's multibillion dollar trading scandal last year has resigned. Jean-Pierre Mustier is the former head of corporate and investment banking and one-time boss of disgraced trader Jerome Kerviel.

August 6th, 2009 Top SocGen executive resignsPARIS — A top executive of Societe Generale SA whose career was damaged by a multibillion dollar trading scandal that rocked the bank has resigned after financial regulators opened an insider trading inquiry against him, the bank said Thursday. The bank said in a statement that both Jean-Pierre Mustier, who most recently headed assets management, and Robert Day, a non-executive director at the bank who is also a target of the probe, reject allegations of insider trading.

July 28th, 2009 French report clears 2 firms in EADS insider probePARIS — A report that is part of an investigation by the Paris stock market regulator exonerates Lagardere SCA and Daimler AG of engaging in insider trading concerning the sale of EADS NV stock. Seven former or current executives of EADS and its Airbus subsidiary remain implicated in allegedly using advance knowledge of a delay in the Airbus 380 program to sell company stock before shares plunged, according to the report, which The Associated Press saw Tuesday.

June 9th, 2009 Nacchio: Prosecutors didn't disprove key claimDENVER — Former Qwest CEO Joseph Nacchio's lawyers say prosecutors didn't refute one of Nacchio's key claims in his Supreme Court appeal of his insider trading conviction. In a brief filed Tuesday at the Supreme Court, defense lawyers repeated their arguments that Nacchio never should have been prosecuted because the alleged insider information he is accused of having referred to internal predictions that didn't have to be publicly disclosed.

June 5th, 2009 Summary Box: Mozilo accused of civil fraudFORMER COUNTRYWIDE CEO CHARGED: The government has accused Angelo Mozilo and two other former executives of the fallen mortgage lender of civil fraud and insider trading. The three dispute the civil charges by the Securities and Exchange Commission.

June 4th, 2009 Aozora Bank probed for possible insider tradingTOKYO — Japanese regulators are investigating a possible case of insider trading at Aozora Bank Ltd., the midsize lender said Thursday. Local media reported that the Securities and Exchange Commission raided the bank's headquarters in central Tokyo and questioned an employee in its loan division.

April 28th, 2009 US judge clears lobbyist of insider tradingPHILADELPHIA — A federal judge has cleared a Pennsylvania lobbyist of a civil charge of insider trading. Frederick W.

April 28th, 2009 US judge clears Pa. lobbyist of insider tradingPHILADELPHIA — A federal judge cleared a Pennsylvania lobbyist of a civil insider-trading charge after questioning both his testimony and that of the supposed beneficiary.