Thursday, January 28, 2010

Galleon Watch – 01/28/10 Update

Perhaps it’s timely, as we get ready to jump into “Bad Boss Week” next week, that at least one of the defendants in the Galleon case is admitting to his wrongdoing. The New York Times DealBook reported yesterday that Mark Kurland, senior executive at New Castle Funds, has pleaded guilty. Despite his plea, and admission that he “knew what he was doing was wrong,” he is not cooperating with the prosecution.

And the plot thickens…

Of particular interest to this audience is the fact that Kurland has direct knowledge of at least one call between Bob Moffat and Danielle Chiesi, where the AMD restructuring was discussed.

If you need to catch up on the story, you can find prior installments of the Galleon Watch here.

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