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News about U.S. District Court for the Southern District of New York
  • Hedge fund manager sentenced in Dell insider trading case

    By Grant Gross | 02 May, 2013 20:20

    A former portfolio manager at the now defunct Diamondback Capital Management has been sentenced to 54 months in prison for crimes related to a multimillion dollar insider trading scheme involving computer maker Dell and hardware maker Nvidia.

  • Former CIO at Foundry Networks charged with insider trading

    By Grant Gross | 26 March, 2013 21:32

    A former CIO and vice president at networking hardware vendor Foundry Networks has been charged with insider trading in conjunction with the company's acquisition in 2008 by Brocade Communications Systems, the U.S. Department of Justice said.

  • Three charged with distributing Gozi virus

    By Grant Gross | 23 January, 2013 16:19

    Three people allegedly involved for years in cybercriminal activities in Eastern Europe have been charged in a U.S. court for creating and distributing the Gozi virus that infected more than 1 million computers and allowed cybercriminals to steal millions of dollars over a five-year period.

  • Former research analyst charged in IBM insider trading case

    By Grant Gross | 26 December, 2012 21:28

    U.S. authorities have charged a former research analyst at a financial services firm with insider trading offenses related to the 2009 acquisition of software vendor SPSS by IBM.

  • LimeWire agrees to pay $105 million to record labels

    By Grant Gross | 14 May, 2011 00:37

    LimeWire has agreed to pay record labels US$105 million to settle a lawsuit alleging that the file-sharing service allowed its users to infringe copyright, the Recording Industry Association of America (RIAA) announced late Thursday.

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