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Litigation

Oct. 30, 2012

Former Xilinx executive to pay $1.75 million to settle SEC's Galleon insider trading case

Former Silicon Valley executive Kris Chellam has agreed to pay $1.75 million to settle a Securities and Exchange Commission lawsuit claiming he tipped off convicted hedge fund manager Raj Rajaratnam with insider information.


By Hadley Robinson


Daily Journal Staff Writer


Former Silicon Valley executive Kris Chellam has agreed to pay $1.75 million to settle a Securities and Exchange Commission lawsuit claiming he tipped off convicted hedge fund manager Raj Rajaratnam with insider information that led to a short sale netting $1 million in illicit profits.


The civil complaint and settlement, announced Friday, is the latest in the government's enforcement actions ...

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