Thursday, November 19, 2009

Galleon Watch – 11/19/09 Update

The news on the Galleon Insider Trading Scandal has quieted down as the deadline to indict was extended:

Thursday November 5th – The SEC amended their complaint.

Saturday November 7th – Bloomberg reported on the twenty individuals now charged.

Monday November 16th – The Wall Street Journal reported that that deadline for the prosecution to bring an indictment has been extended until December 16th.

Thursday November 19th – The Dow Jones Newswire provided more details on AMD’s buyout of ATI Technologies (Galleon’s largest holding).

Catch up on the prior installments of the Galleon Watch here.

With the indictment just four weeks away, what do you think? Will the charges hold?

No comments: