Hello Franz! Cooperator No. 9 in Galleon Case Makes Debut

March 10th, 2010 admin

This morning we give a Law Blog welcome to Franz Tudor, a former trader at hedge funds Galleon Group and Schottenfeld Group. Tudor, it turns out, is cooperating in the Justice Department’s case against his former friends and colleagues at Schottenfeld and at his most recent firm, Incremental Capital. Here’s the story from WSJ’s Amir Efrati. That makes Tudor the 9th cooperator (that we know of) who has agreed to plead guilty to insider-trading conspiracy. But he’s not the only device wearer. Federal prosecutors in Manhattan equipped other cooperating witnesses with recording devices to try to obtain information about targets in the Galleon insider-trading probe, these people say. Among them is Gautham…


Originally posted on WSJ

 
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