Guilty plea entered by ex-Galleon employee in NYC .
Criminal Law
The government has continued to strengthen its case against Galleon hedge fund founder Raj Rajaratnam (RAHJ rah-juh-RUHT'-nuhm) after one of his former employees pleaded guilty to insider trading charges.
Former Galleon portfolio manager Adam Smith entered the federal plea in Manhattan on Wednesday to conspiracy to commit securities fraud and securities fraud. The charges carry a potential penalty of up to 25 years in prison.
Smith is among more than 15 people who have pleaded guilty in connection with what prosecutors have called the biggest hedge fund insider trading case ever.
Authorities said when they brought the case late in 2009 that those who traded securities based on inside information in the case earned more than $50 million in illegal profits.
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Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.