Galleon Judge Pushes the SEC – Wall Street Journal

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BY SUSAN PULLIAM AND KARA SCANNELL

A federal judge’s ruling could force the government to tip its hand early to defendants in the burgeoning Galleon Group insider-trading case.

On Monday, U.S. District Judge Jed S. Rakoff told the Securities and Exchange Commission to be ready to begin the civil insider-trading trial in five months. The unusual ruling could force the U.S. to display evidence against Galleon founder Raj Rajaratnam and others in the case in advance of a separate criminal trial in the matter.

In criminal and civil cases, the U.S. has alleged that hedge-fund manager was part an insider-trading ring that also has ensnared a …

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