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PPP KINGDOM

EX-GALLEON TRADER DRIMAL SHOULD GET 70-to-80-MONTH PRISON TERM, U.S. SAYS

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Craig Drimal, the former Galleon Group LLC trader who pleaded guilty to insider trading charges, should get a prison term of 70 to 80 months, which is within federal sentencing guidelines, the U.S. said in a memo.

Drimal pleaded guilty last month in federal court in New York charges of conspiracy and securities fraud. Drimal admitted that he and others at Galleon traded on inside information obtained from lawyers working on transactions involving 3Com Corp. and Axcan Pharma Inc. in 2007. Drimal said the information was obtained from Arthur Cutillo and Brien Santarlas, lawyers at Boston-based Ropes & Gray LLP.

http://www.bloomberg.com/news/2011-08-25/ex-galleon-trader-drimal-should-get-70-to-80-month-prison-term-u-s-says.html
Best Regards,

FINANCIAL WARRIOR

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