Decision Timing Poll for Raj Rajaratnam

[Guest ValueCarl]

http://www.mercurynews.com/business/ci_17927393?source=rss&nclick_check=1

[Guest ValueCarl]

Justice is taking a back seat to some juror's prior appointment. Mr. Rajaratnam must be getting hopeful as time marches on, especially if he has been hearing about one of Stevie Cohen's henchmen. David Sokol ain't so bad!  Only in America, I guess.  >:(

 

After spending the past four days locked in a jury room on the 14th floor of U.S. District Court in lower Manhattan this week, there was still no verdict as of noon Friday when the jury stopped early for the weekend because of a juror’s prior appointment.

 

http://www.hedgefund.net/publicnews/default.aspx?story=12471

 

NEW YORK/BOSTON (Reuters) – Former SAC Capital Advisors LP analyst Jonathan Hollander reached a settlement with U.S. securities regulators over allegations he engaged in insider trading in his personal account, while working at Steven A. Cohen's $12 billion hedge fund.

In settling with the U.S. Securities and Exchange Commission on Thursday, Hollander agreed to pay a penalty of about $222,000, which included a fine and restitution for profits he, a family member and a friend made from trading on a January 2006 tip about the buyout of the Albertsons' supermarket chain, his lawyer said.

The SEC did not name Cohen's fund in its complaint, which was filed in New York federal court.

 

 

In settling with the SEC, Hollander neither admitted nor denied the allegations.

 

 

http://news.yahoo.com/s/nm/20110428/bs_nm/us_hedgefunds_hollander/print