Hedge Funds
Intel Hires Orrick to Probe Leaks to Galleon
SAN FRANCISCO (TheStreet) -- Intel(INTC), the chipmaker embroiled in the scandal surrounding leaks to Raj Rajaratnam's Galleon Group, hired a San Francisco-based law firm Orrick Herrington & Sutcliff to conduct an investigation, according to Bloomberg.
Orrick previously represented Intel in trademark and intellectual property cases. The firm also represented Intel Capital and JPMorgan in a 2008 investment in Trony Solar Holdings Co., a Chinese solar technology company. According to a criminal complaint filed in a federal court in Manhattan, Rajiv Goel, a managing director in Intel's treasury group, was charged on Oct. 16 for allegedly passing tips to Rajaratnam about a firm that Intel invested in, Bloomberg reported. Additionally, Roomy Khan, a former Intel employee, was convicted of wire fraud in 2001 for passing on non-public information to Galleon, according to Bloomberg. Intel is among several companies, including IBM (IBM), AMD(AMD) and Moody's(MCO), whose names have surfaced during the ongoing Galleon scandal.TheStreet Premium Services
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