Please ensure Javascript is enabled for purposes of website accessibility

Jed Rakoff

Oct 27, 2009

Galleon SEC judge wants to try case in five months

The judge presiding over the U.S. Securities and Exchange Commission’s lawsuit against Galleon Management, whose founder Raj Rajaratnam faces criminal charges, said he wants the civil case ready for trial within five months. U.S. District Judge Jed Rakoff in New York on Monday scheduled a conference in the case for Nov. 4. He also ordered […]

Sep 18, 2009

Rakoff a stickler on fairness, transparency

Jed Rakoff, the federal judge who rejected a $33 million settlement between the Securities and Exchange Commission and Bank of America Corp. over Merrill Lynch & Co. bonuses, is a stickler for fairness and transparency. His ruling this week in the Bank of America case came six years after he pressured WorldCom Inc. to pay […]

Sep 18, 2009

GE’s fraud case could use a judge gone wild

Finally a judge has dared say no to the once-venerable Securities and Exchange Commission and one of its cozy corporate settlements. If that wasn’t novel enough, this fellow first had the nerve to ask the SEC a bunch of questions about the way it does its business. Turns out, he got a lot of embarrassing […]

May 28, 2009

Judge renews criticism of portfolio monitoring

A federal judge renewed his criticism of law firms’ monitoring retirement-fund portfolios for fraud because the practice may spur questionable lawsuits. U.S. District Judge Jed Rakoff in New York criticized the practice in an opinion Tuesday. He had previously expressed his concern about so-called portfolio monitoring in an April 1 hearing in the case, during […]

Mar 19, 2009

Dreier pleads not guilty

Marc Dreier, the New York law firm founder charged with selling phony promissory notes to hedge funds, pleaded not guilty Thursday to a charge that he laundered $700 million as part of the alleged scheme. The money-laundering charge was added to the criminal case against Dreier on March 17. He previously pleaded not guilty to […]

Latest Opinion Digests

See all digests

Top stories

See more news