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Goldman manager investigated in insider trade case: source
Feb 29, 2012 17:02 EST
NEW YORK (Reuters) - U.S. prosecutors are investigating David Loeb, a managing director of Goldman Sachs Group Inc, as part of an insider-trading probe focusing on the company's hedge-fund clients, a person familiar with the case said on Wednesday.
Prosecutor, Goldman overreached: programmer's lawyer
Feb 23, 2012 09:13 EST
NEW YORK (Reuters) - Kevin Marino may be the lawyer of the moment, after persuading a U.S. appellate court panel last week to overturn the criminal conviction of a former Goldman Sachs Group computer programmer.
Aleynikov lawyer says prosecutors, Goldman overreached
Feb 22, 2012 17:36 EST
NEW YORK (Reuters) - Kevin Marino may be the lawyer of the moment, after persuading a U.S. appellate court panel last week to overturn the criminal conviction of a former Goldman Sachs Group computer programmer.
Prosecutor, Goldman overreached: programmer's lawyer
Feb 22, 2012 17:36 EST
NEW YORK (Reuters) - Kevin Marino may be the lawyer of the moment, after persuading a U.S. appellate court panel last week to overturn the criminal conviction of a former Goldman Sachs Group computer programmer.
LightSquared plans to cut workforce by 45 percent
Feb 21, 2012 16:46 EST
BOSTON (Reuters) - LightSquared, the ailing wireless company backed by hedge fund manager Philip Falcone, said on Tuesday that it plans to cut its workforce by 45 percent in order to save cash.
Exclusive: LightSquared plans to cut 45 percent of workforce
Feb 21, 2012 16:46 EST
BOSTON (Reuters) - LightSquared Inc., the wireless company backed by hedge fund manager Philip Falcone, said on Tuesday it plans to lay off nearly half of its employees to save money.
LightSquared misses Inmarsat payment
Feb 20, 2012 02:52 EST
(Reuters) - Satellite firm Inmarsat said LightSquared, a venture struggling to build a U.S. mobile broadband service with Inmarsat's spectrum, failed to pay a $56.25 million installment to the British company.
Kinnucan, ex-SanDisk exec charged in insider probe
Feb 17, 2012 10:47 EST
NEW YORK (Reuters) - A research analyst who made waves by refusing to cooperate in the government's broad insider-trading probe was charged with illegally passing tips he gleaned from technology company insiders to hedge funds.
Kinnucan charged, ex-exec guilty in insider case
Feb 17, 2012 10:47 EST
NEW YORK (Reuters) - An outspoken research analyst who made waves by refusing to cooperate in the U.S. government's broad insider-trading probe was charged with illegally supplying hedge funds with tips as part of his consulting service.
PIMCO bank deal hits regulatory snag
Feb 16, 2012 15:35 EST
NEW YORK (Reuters) - A plan by a PIMCO investment fund to take an ownership stake in a small North Carolina bank has run into a problem with U.S. bank regulators.
Hedge funds see treasure in new public players
Feb 14, 2012 19:33 EST
NEW YORK (Reuters) - Hedge fund managers bought shares of several of last year's hot IPOs in the fourth quarter, including upscale retailer Michael Kors <KORS.N> and online networking site LinkedIn <LNKD.N>.
Analysis: Criminal probe trail going cold at MF Global
Feb 09, 2012 12:23 EST
(Reuters) - When commodities brokerage MF Global imploded, the FBI and federal prosecutors were quick to launch an investigation to pursue what seemed obvious to outspoken regulators and lawmakers: laws were broken and crimes were committed.
Einhorn, Greenlight fined for UK market abuse
Jan 25, 2012 13:19 EST
LONDON/NEW YORK (Reuters) - David Einhorn's reputation as one of the hedge fund industry's most respected investors took a bit a of a hit Wednesday when Britain's financial regulator imposed a 7.2 million pounds fine on him and his Greenlight Capital fund for alleged trading abuses.
Icahn snaps up some LightSquared debt: sources
Jan 20, 2012 12:31 EST
BOSTON/NEW YORK (Reuters) - Billionaire investor Carl Icahn is buying some of the debt of hedge fund manager Philip Falcone's LightSquared Inc <MOSAV.UL> as the ailing wireless-network company runs short of cash, according to two sources familiar with the matter.
Falcone eyes mobile asset sales, Icahn invests
Jan 20, 2012 12:31 EST
BOSTON/NEW YORK (Reuters) - Hedge fund manager Philip Falcone is looking at the possibility of selling some wireless assets to raise cash for his financially strapped telecom start-up LightSquared Inc, sources familiar with the matter said on Friday.
Analyst's arrest puts Cohen's SAC in spotlight again
Jan 18, 2012 19:06 EST
(Reuters) - Hedge fund titan Steven A. Cohen is once again in the spotlight over allegations of improper trading at his $14 billion SAC Capital Advisors.
More arrests in insider trading probe
Jan 18, 2012 09:51 EST
NEW YORK (Reuters) - Authorities arrested four people and will announce charges against several more on Wednesday as part of the government's sweeping probe into insider trading at hedge funds, an FBI spokesman said.
7 charged in $62 million Dell insider-trading case
Jan 18, 2012 09:51 EST
NEW YORK (Reuters) - Seven people were charged with a scheme to reap nearly $62 million in illegal profits on trades on Dell Inc shares, the latest salvo in a sweeping probe of suspicious trading at hedge funds.
Seven charged in $62 million Dell insider-trading case
Jan 18, 2012 09:51 EST
NEW YORK (Reuters) - U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest salvo in a years-long probe of suspicious trading at hedge funds.
U.S. charges 7 in $62 million Dell insider-trading case
Jan 18, 2012 09:51 EST
NEW YORK (Reuters) - U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest salvo in a years-long probe of suspicious trading at hedge funds.