Earlier this week, a federal judge approved the latest civil settlement involving Raj Rajaratnam, the founder of Galleon Group who is now serving an 11-year sentence in federal prison for insider trading. This most recent settlement requires Rajaratnam to pay $1.45 million to resolve SEC charges specifically related to Rajaratnam’s alleged trading based on tips from former Goldman Sachs director Rajat Gupta. The settlement amount includes over $1.29 million in disgorgement, plus prejudgment interest.
