Ropes & Gray Attorney Among Latest Arrested in Galleon Insider-Trading Scandal - CBL

By Citybizlist Staff

BOSTON -- Eight more people have been arrested in the Galleon insider-trading scandal, including an attorney with the law firm Ropes & Gray LLP.

Federal and state authorities planned to announce charges against 14 new defendants, including the eight arrested, Reuters reported.

The new arrests come nearly three weeks after Raj Rajaratnam, the billionaire founder of hedge fund firm Galleon Group, and five others were charged in the case. Galleon, a New York-based firm that once managed $7 billion and specialized in technology and health care companies, has since shut down, Reuters reported.

With offices in Boston and Washington, D.C., Ropes & Gray represent interests in corporate law and litigation matters. In addition, the firm offers counsel on labor and employment issues, tax and benefits, creditors' rights and private client services.