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Supported

The cited record supports the material proposition.

The SEC said in November 2011 that a federal court ordered Raj Rajaratnam to pay a US$92.8 million civil penalty in its insider trading case.

finds Rajaratnam liable for a civil monetary penalty of $92,805,705
About
Galleon Group LLC
Claim made by
US Securities and Exchange Commission, regulator statement
Published
8 November 2011
Original
SEC Obtains Record $92.8 Million Penalty Against Raj Rajaratnam
Evidence score
90 How it was scored
Last reviewed
25 October 2026

Why this label

The SEC release states that the US District Court for the Southern District of New York ordered Rajaratnam to pay a civil penalty of US$92,805,705S4. It names the Honorable Jed S. Rakoff and dates the judgment 8 November 2011. The release says combined civil and criminal sanctions passed US$156.6 million, and that the disgorgement was deemed satisfied by the criminal forfeiture. This is a civil final judgment, separate from the criminal conviction. The record settles the penalty figure and the procedural state.

Current procedural position

Civil final judgment entered on 8 November 2011 by Judge Jed S. Rakoff, finalS4.

Record supporting the assessment

finds Rajaratnam liable for a civil monetary penalty of $92,805,705
S4 Tier A US Securities and Exchange Commission, SEC Obtains Record $92.8 Million Penalty Against Raj Rajaratnam, 8 November 2011
The total amount of monetary sanctions imposed on Rajaratnam in the civil and criminal cases is more than $156.6 million
S4 Tier A US Securities and Exchange Commission, SEC Obtains Record $92.8 Million Penalty Against Raj Rajaratnam, 8 November 2011

Conflicting or limiting record

No record located that conflicts with this assessment.

Evidence score: 90 of 100

The score grades how well the record establishes this assessment. It is not a score of Galleon Group LLC. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.

ComponentPointsMaxReason
Source authorityIs the source competent to establish the proposition?2930An SEC release on its own civil judgment is a competent record.
DirectnessDoes the source state the proposition or only discuss adjacent facts?1920The release states the penalty amount and the court order directly.
CorroborationDo independent records support the same material point?1015The criminal forfeiture in the US Attorney release aligns with the combined total.
Procedural accuracyDoes the record settle the procedural state the claim describes?1415The civil judgment is final, with disgorgement deemed satisfied by the forfeiture.
CurrencyHas the record been checked against later developments?910Checked to October 2026, with no later change found.
ReproducibilityCan a reader locate the passage and repeat the assessment?910The SEC release is public.
Total90100

Timeline

  1. SEC files civil complaint in the Southern District of New YorkS2
  2. Court orders a US$92.8 million civil penaltyS4

Related cases

  • SEC v. Galleon Management, LP, Raj Rajaratnam and othersUS District Court for the Southern District of New York. Civil. 09-CV-8811 (JSR).Stage: Final. Civil penalty judgment entered 8 November 2011S4
    • SEC files civil complaint alleging more than US$25 million in illicit gainsS1S2
    • Court orders a US$92.8 million civil penaltyS4

Revision history

  • Assessment first published with label Supported.

Have a record that changes this assessment? See corrections and responses.

Sources

  1. S4Tier A SEC Obtains Record $92.8 Million Penalty Against Raj RajaratnamUS Securities and Exchange Commission. Regulator press release. 8 November 2011.Supports the US$92.8 million civil penalty, Judge Rakoff, the 8 November 2011 date and the SEC's own largest ever characterization. The record claim is the SEC's own wording.
  2. S2Tier A SEC v. Galleon Management, LP, et al., Litigation Release No. 21255US Securities and Exchange Commission. Regulator press release. 16 October 2009.Supports the case caption, the Southern District of New York court and case number 09-CV-8811 (JSR). It states allegations only.
  3. S1Tier A SEC Charges Billionaire Hedge Fund Manager Raj Rajaratnam with Insider TradingUS Securities and Exchange Commission. Regulator press release. 16 October 2009.Supports the SEC charges and the more than US$25 million illicit gains figure. It is an allegation, not a finding.

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