The Galleon Group hedge fund wasn't alone in piling into
Goldman Sachs Group Inc. stock hours before the bank announced a $5 billion
investment from Warren Buffett's firm at the height of the financial crisis,
trading records show, according to the Wall St Journal. .
The last-minute purchases by Galleon founder Raj Rajaratnam
on that day, Sept. 23, 2008, are expected to be a focus of the insider-trading
trial of former Goldman director Rajat Gupta, who is accused of leaking news of
the still-secret investment to Mr. Rajaratnam in a phone call just before the
market closed.
But a quick run-up in Goldman stock that preceded Galleon's
.
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