Galleon Shuttered On Insider Trading Charges
More News related to AAPL
- Hewlett-Packard (HPQ) Set To Deliver Already Telegraphed Q4 Results
- AT&T Finally Joins the Ad-War With Verizon
- The Lanier Law Firm Announces Settlement, Judgment in Cloud Computing Patent Lawsuit
- Piper's Munster Believes NPD Data Suggests 2.8-2.9M Macs, 19-20M iPod's in Q1 (AAPL)
- The Google (GOOG) Phone is Coming... Someday
More News related to BAC
- Top 10 News Items 11/16-11/20: Dell Blows It Again, Geither Gets Roasted on Capitol Hill, Again, IPO's A-Plenty
- Bove Says BofA (BAC) Shareholders Want Lewis Back in CEO Spot
- Thousands of Dollars Donated to Assist Fort Hood Families in the Wake of Tragedy
- Meredith Whitney Thinks Paulson's Timing On a BofA (BAC) Double May Be Wrong
- Best of the Web 11/19: Paulson Letter, Wall Street Can't Control Itself, Ken Griffin Rebounds, $6300 Gold?
More News related to CSCO
- Hewlett-Packard (HPQ) Set To Deliver Already Telegraphed Q4 Results
- Global Security Information Now On-the-Go With Cisco iPhone Application
- Nexus Delivers Record Performance in Cisco's 2009 Fiscal Year
- Highlights From CRM's Q3 Conference Call: Revenues Grew 20% Y-o-Y, Raises FY Guidance
- Orchestra Conducts International Auditions via Cisco TelePresence
Today we learned that Galleon Group will wind down all of its hedge funds, after founder Raj Rajaratnam was arrested Friday in a massive insider trading case.
In a letter to clients today, Rajaratnam said he has decided that it is now in the best interest of investors and employees to conduct an orderly wind down of Galleon's funds while we explore various alternatives for our business.
Rajaratnam also claimed again that he is innocent of all charges and "will defend myself against these accusations with the same intensity and focus I have brought to managing our investors' capital."
Some of Galleon's largest holdings at the quarter ended June 30, 2009 were as follows:
- eBay (Nasdaq: EBAY) 4,740,000 shares
- Apple (Nasdaq: AAPL) 416,491 shares
- Google (Nasdaq: GOOG) 140,800 shares
- OSI Pharma (Nasdaq: OSIP) 1,647,633 shares
- Bank of America (NYSE: BAC) 2,483,500 shares
- JP Morgan Chase (NYSE: JPM) 909,845 shares
- Cisco (Nasdaq: CSCO) 1,608,307 shares
- Dell (Nasdaq: DELL) 2,082,373 shares
- EMC (NYSE: EMC) 1,649,404 shares
- Congnizant Tech (Nasdaq: CTSH) 694,800 shares
- Verisign (Nasdaq: VRSN) 1,090,978 shares
- NVIDIA (Nasdaq: NVDA) 1,915,195 shares
- Pepsi Bottling (NYSE: PBG) 622,500 shares
- Intel (Nasdaq: INTC) 1,144,500 shares
- Teradyne (NYSE: TER) 2,244,512 shares
- Ford (NYSE: F) 2,960,041 shares.
These position will now likely all be sold if they haven't been already.
Get the News That Moves Stocks Free Trial http://www.streetinsider.com/premium_content.php
Related Categories
Hot ListInsiders' Blog
Stocks Mentioned
-0.59
+0.01Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
