Lawsuits for Intel (INTC), AMD (AMD), eBay (EBAY), IBM (IBM), Xilinx (XLNX), Polycom (PLCN), Spansion (NASDAQ:SPSN)?

With the trial of Galleon Group founder Raj Rajaratnam about to start this week, companies which allegedly supplied insider information to Galleon executives, such as Spansion Inc. (NASDAQ:SPSN), Intel Corp. (NASDAQ:INTC), Advanced Micro Devices Inc. (NYSE:AMD), eBay Inc. (NASDAQ:EBAY), International Business Machines Corp. (NYSE:IBM), Xilinx Inc. (NASDAQ:XLNX) and Polycom Inc. (NASDAQ:PLCN), could find themselves being the recipient of lawsuits, according to a Bloomberg report.

"If a company made a decision for whatever reason that it wanted to make information available to select individuals, that in my opinion would be unlawful," Bloomberg cited Mark Rifkin, of Wolf Haldenstein Adler Freeman & Herz LLP, as saying. "We’re paying close attention to the entire insider trading case as it unfolds because you never know what’s going to happen."

The trial of Galleon Group LLC co-founder Raj Rajaratnam, 52, starts on Tuesday after months of legal battles about whether wiretaps and other information gathered during a long investigation will be admitted as evidence. Rajaratnam faces a possible 10 years in prison if convicted.




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